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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 (9839)	3/3/1999 12:25:00 AM
From: Kmartin	Read Replies (1) \| Respond to of 14162

Herm I was looking though some old stuff and found where you sent the PP in an ol email dated 1/18. I just viewed the program and it has really helped. Now I need you advise on my first CC. Bought SDTI average cost of 20 back in November. Watched it goto 30 and back down to 25. Bought Feb20 Puts. When it was some where around 22 or so I wrote Jul 15 calls for 8.25. Just before the Feb expiration I sold my puts for a profit of around 3.75. Anyway, Ive used the calculator from Dougs site and my NUT is around $9.75. After viewing the PP presentation I looked at the chart. Lets see if I learned any thing. It has not tagged the lower band but its headed that way. RSI is falling but the low for this stock is below 30 (looking at 5yr chart). If I covered now the primie would have fallen only about 50% and you have recommended 80%. So, I keep watching for the tag. I hang on to the position for now and cover it tags??? Im getting nervous and antsy. Can you comment on what I have done and need to do. Also what should I do when I cover and what are alternatives to covering? Thanks this saved my bacon on this stock. I believe in the stock and would like to remain long at this point.