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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 (9117)	11/20/1998 10:12:00 PM
From: Mark Mandel	Read Replies (1) \| Respond to of 14162

Herm re: I hate to cover a loss I feel the same way cuz I have also been burnt. Neglected to state that this situation is in an IRA account and cannot buy calls. Oh well, I will just ride this out with the pocketed premium and most likely get called in December. Not such a bad deal. Thanks for the advice... TRI-GUY (NoPain/NoGain)

To: Herm who wrote (9117)	11/21/1998 7:22:00 PM
From: Bob Smith	Read Replies (5) \| Respond to of 14162

Herm, I always struggle with writing CC's when a stock hit's it upper BB & RSI (60-70+). Although you keep a premium from the call. The stock sells off for 1+ points and you breakeven or worse....unless you keep averging down. I would prefer selling CC's (out of the money) and selling puts when a stock is at it's lower BB & RSI. I may get called out...but I think that might be a better strategy. Any comments? Do you know of stocks that might fit this profile? I thought GLM might be a good candidate? Thank you Bob