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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: JimsJeeps who wrote (9369)	1/7/1999 8:54:00 AM
From: Herm	Read Replies (2) \| Respond to of 14162

Hi Jim, Yes, I rolled the dice and got filled on the 7 BTGC April 7.5s CCs. Perhaps, a little early. The problem is that I'm busy at work and I have to set place limit order(s) first thing in the morning before work. What can I say! I feel better when I have $ premies in my account. If it moves up I just turnaround and buy sideshow in the money long calls for say Feb. 5s. To answer your question. If you are doing what I'm doing without the ability to monitor during the day, perhaps the weekly overview is good chart to stand back and see the overall trend. The daily charts can be too much whip-saw unless you can sit there and time a buy/sell to squeeze out some extra profits. The weekly BTGC chart below is different than the daily chart in values. Check this out! Daily Chart Weekly Chart --------------------------------- ------------------------------- current RSI =68.11 current RSI=53.97 RSI top @ 75 RSI top @ 99 RSI bottom @22 RSI bottom @ 25 Recent BB Tag @ $7.00 Approaching BB Tag @ $7.75? moving sideways Still moving upwards iqc.com Well Jim! This will be a good test to see if the weekly is better than the daily chart for timing. It could make the difference for a few more percentage points.