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Strategies & Market Trends : How To Write Covered Calls - An Ongoing Real Case Study! -- Ignore unavailable to you. Want to Upgrade?

To: Herm who wrote (8881)	10/24/1998 11:12:00 PM
From: Scott	Read Replies (1) \| Respond to of 14162

Very Nice Scott! Thanks for sharing that on the forum. Scott, what pointed you in the FORE direction in the first place? How did you pick FORE? Herm, It was your posting on Oct. 12 that got me looking at FORE. I posted my entry plans and position the next day, and as you saw, it worked out for me. I've been extra cautious after getting caught in a SPLN CC when it dumped more than half its value recently. I'm always going to protect with puts. I'm going to look for positions that net about 5% in a month. Any more is greedy, and can't be sustained as far as my experience goes. With the combination of a long position, CCs, and protective puts, I pretty much know what my upside is at expiration. If the same profit point is hit earlier, I'll close the position out. The key to this strategy are the stocks identified here as being at the lower BB with a strengthening RSI. This is a truly valuable board. Once the stocks are identified, it's up to each of us to manage the play. Scott