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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 (9309)12/29/1998 4:33:00 PM
From: Vegas  Read Replies (1) | Respond to of 14162
 
Hi Herm,

Can you check out the chart on AFCI. I covered my calls about a week ago around $8 (just in time its seems) keeping 80% of the premium.:-) The action of the last 2 days has me baffled as to what to do, the stock moved very fast to tag the upper BB. One thing I had noticed is that the BBs had moved very close together, last time this happened the stock had a tremendous move to the upside. One of the reasons I covered.

Also what does it portent when the BB's curve inwards towards each other?

One other question is earnings should be out in 2 weeks, is it normally a good time to write CC's just before earnings? Or is the timing of that not even considered in WINS?

Thanks
JF