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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 (8971)	11/8/1998 4:58:00 PM
From: Dr. No	Read Replies (1) \| Respond to of 14162

Herm thanks for your guidance on xyln. Since this is the first time with WINS concept, here is what I am considering. Herm I would appreciate your guidance again which scenario is better and why. Scenario #1: I'll CC March 17.5 which will put 3 1/4 in my pocket. I will then buy December 12.5 puts for 1/2. This will guarantee my profit in the stock based on todays price in the event the stock rises and put an additional 2 3/4 in my pocket. Scenario #2. I'll CC March 12.5 and take out my profit now in CC premies (my cost is 11 7/8)and buy the december 12.5 puts for 1/2. If the stock goes down between now and December expiration, I will make money on the put. When the stock tags the lower BB with low RSI between now and March expiration, I have a chance to cover the cc at a lower cost. Thanks again Mo

To: Herm who wrote (8971)	11/9/1998 3:43:00 AM
From: Johndee	Read Replies (1) \| Respond to of 14162

Herm, I never thought about exercising the long sideshow calls. Wouldn't they have to be further out than the CCs? I wrote that I bought calls on ANDW and wrote CCs. CC 3 Jan 15 and bought 2 Jan 20 calls. I know I should have bought 3. If the stock gets called, my longs will also expire. That's why I'm asking if the longs should be further out so I can exercise them. Is that right? Thanks again. Johndee ANDW closed at 18 1/8 Bid. That's what I paid last July.