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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: Tom K. who wrote (9871)	3/4/1999 1:23:00 AM
From: Cesare J Marini	Read Replies (1) \| Respond to of 14162

Tom, But how do you determine what point in time to sell the calls? Thanks, Joe

To: Tom K. who wrote (9871)	3/6/1999 10:27:00 AM
From: NateC	Read Replies (1) \| Respond to of 14162

when the price reaches your strike, buy back the call (you'll have to pay more then you originally received), then immediately sell a higher strike another month out (may have to go two months) for greater then what you paid in the buy back. This way if you are most interested in keeping the stock, at least you can squeak some cash out of it without losing it. Tom.....to your knowledge....has anyone compared this strategy (for a rapidly rising stock, when one has sold CC's)compared to the sideshow strategy.... to the strategy of buying, not selling, a call upstrike from the CC strike price, (to protect the upside)