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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: jebj who wrote (9328)	1/3/1999 7:52:00 PM
From: Douglas Webb	Read Replies (2) \| Respond to of 14162

About my site being complicated... In a way, that's intentional. At least, it's a side-effect of something intentional. There are lots of places on the net to get charts, quotes, and the other bits of information you can get from my site. SI itself is a gold mine for tutorials and explainations, for example. I wanted to create a site that would give all the information that option traders tend to need all the time in one place. For example, you could go to one site to get option quotes, another to get a stock quote, use a calculator to figure out the time value for each option, and plug several numbers into an excel spreadsheet to figure out things like implied volatility, delta, gamma, theta, etc. Then you could use another spreadsheet to figure out covered call calculations. I was doing all of that for a while, then I realized that there had to be a better way, and that a better way wasn't available online. So, I developed my option page, which will give you all of that information, and all you need to enter is the stock symbol. It's not intended to be easy to use for newbies. It's intended to be easy to use for experts. In the beginning, I included descriptions of everything, but others can do that much better than I can, and experts don't need it, so I stopped doing it. Doug.

To: jebj who wrote (9328)	1/4/1999 8:06:00 PM
From: Herm	Respond to of 14162

Hi JB, I was working on the PowerPoint presentation at home when I got an email from a fellow lurker (over 1 year) that had overtones dictating that I should check the posting to smooth things over! Hummm? This forum has reached a crossroad between moving ahead with access to marketable investment tools for seasoned investors and still maintaining a foundation for new investors. I would like to think that there is room for a finish product or service that people would be more than happy paying for someday soon. A great deal of time has been invested by many regulars. Personally, I'm squeezed! 1. answering emails from lurkers and newbies, 2. doing my own investment homework, 3. putting together the PowerPoint information Now! Keep in mind that this has all been done at no fee or compensation to individuals other than the knowledge which they derived from the forum and by successfully applying what they have learned with their own investment dollars. JB, the PowerPoint product I'm working on will take a load off me and answer all of a newbies questions. I plan to post a reply over the first 1,000 post pointing to the freebie summary to save people the time of reviewing many post. In short, the trading rules like you are asking for. The W.I.N.S. approach evolved and the current trading rules were tweaked many times in order to enhance the outcomes. It would take reading 8,000 post and private emails to make heads and tails out of the information. That is why a tutorial summary is needed and coming soon. So, don't get upset. Again, there are NO dumb questions and nobody should feel we are not willing to take the time for folks just starting out. It's growing pains and I will take responsibility for that challenge. There is a major deference between people just starting out, needing alot of help, and the serious seasoned investors which are also regular lurkers on this forum. Finding a balance is hard but not impossible! Personally, I like to teach since that is my occupation. I'm a small investor just like the majority of folks out there! It is odd that sometimes I'm conversing with people that have a GREAT DEAL more money invested than I do. Yet, they find the info of worth and helpful. I also would like to make a profit from my efforts. There are NO dumb questions when it comes to investing real money in the stock market. And, I am very much interested in knowing how I can make it easier to understand for you and anyone else! JB, you can post it here or you can email me if you want me to explain something you don't understand off Doug's web site. Depending on what your risk/reward comfort level is and your objectives, it may not be necessary for you to know everything! So, don't feel bad or frustrated! We all need to have fun investing! That's my two-cent JB!