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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 (9055)	11/16/1998 9:41:00 AM
From: Bud	Read Replies (1) \| Respond to of 14162

Herm, where do you find the industry numbers that you use on this thread? Thanks, Bud

To: Herm who wrote (9055)	11/16/1998 9:52:00 AM
From: Scott	Respond to of 14162

Hi SK, While Scott prepares to answer your question allow me (as a learning experience) to interact with you. Herm, Thanks for filling in for me :-) The one thing I wanted to say to stockid is to make sure you understand Options terminology. If you write an option, you are selling it, i.e., going short. If you buy an option, you are long. Writing naked options is very risky, so be sure of what type of transaction you are entering before you hit Enter. Scott

To: Herm who wrote (9055)	11/16/1998 12:57:00 PM
From: the options strategist	Read Replies (1) \| Respond to of 14162

Herm, I just got back into IOM (may 7.5) to write calls. Because of the current turmoil, i.e. Greenspan, expiry, etc. this week and since I will not write calls until it goes up, should I buy puts on it now. Looks like it could retreat at this time. what do you think?

To: Herm who wrote (9055)	11/16/1998 1:54:00 PM
From: the options strategist	Read Replies (1) \| Respond to of 14162

Herm, how is CPQ looking for cc with leaps at this time? Jen

To: Herm who wrote (9055)	11/16/1998 10:44:00 PM
From: stockid	Respond to of 14162

Thank You Herm, for a timely response. I beleive that GLM will test 10 within the next month or two. I only own 500 shares and would like to buy more..maybe another 500 shares over the next couple months. I want to make a buck if it goes down and I want the downside protection. SK

To: Herm who wrote (9055)	11/17/1998 6:26:00 PM
From: k.ramesh	Read Replies (1) \| Respond to of 14162

Appreciate this thread, My question with WINS is If you can track the BB's and RSI so diligently why not just sell the stock, instead of the CC, Assuming you know it is going to be a down cycle, selling the stock is better than selling a CC and waiting for a point to cover, as the stock goes down farther than the CC. The point is that you can never assume that an RSI of 70 is too high or that a downward slope on the RSI is likely to last etc. In addition stock commissions are lower than CC commissions. Still, I am not against CC's as it somewhat alleviates the ' have to be right two times' problem with trading stocks all the time. Just my 2c and looking for some comments. Ramesh.