Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : How To Write Covered Calls - An Ongoing Real Case Study! -- Ignore unavailable to you. Want to Upgrade?

To: Herm who wrote (9876)	3/5/1999 7:14:00 AM
From: Jan Ravi	Read Replies (1) \| Respond to of 14162

Please review OTEX and tell me if its reversal time or does it still have some downside left. As always your detailed explanations are so helpful. I have profited in a number of trades and me and my local charity are benefiting.Thanks so much!

To: Herm who wrote (9876)	3/5/1999 9:14:00 AM
From: Vegas	Respond to of 14162

Hi Herm, I am not sure I am following you... You did not mention your net cost so it is hard to determine your best recourse. The time factor is your strike price plus the amount collected before you start losing money. My Nut is $11.25 so being called out at $12.50 is not a loss. My strike plus CC premie is $12.50 + $2.06 = $14.56. So as long as it stays under that amount I am not forced into any action and can ride out the next two weeks covering on expry day? Makes sense... Thanks JF

To: Herm who wrote (9876)	3/11/1999 11:21:00 PM
From: Kmartin	Read Replies (1) \| Respond to of 14162

Herm, I have a question regarding your response 9876. I am in a position SDTI I have written a July 15 at 8 1/8 my nut is at 10.38. You wrote "Yes, the BB narrowed quit a bit and with the RSI low an upward gap is usually the case." SDTI bands have narrowed a lot and RSI is low but not near its lows where it has turned before. I am waiting for the tag on the lower BB and the RSI below 30. With this chart showing some support around 16.50 should I cover and and try writing something new (based on the gap up statement) or should I continue to wait for the tag. Which, if either is the stronger case. Also, is the series of higher lows in the RSI significant. askresearch.com