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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: k.ramesh who wrote (9122)	11/21/1998 10:19:00 PM
From: Paul Heye Jr.	Respond to of 14162

I don't know about Bob but I would buy GLM now wait about 1-2 months, depending on how long it takes. Wait for it to move up to the 12.5 to 14 range then write the call. Wait for it to come back to 10 cover, repeat. Buying some apr calls now might be a good idea in case it pops after you write your own calls. I was looking at the apr 15's, since the top BB seems to stay at the 13 level. That way when I write my call when it hits the 13 range I am covered if something unknown comes up that causes a big runup out of the trading range. Paul