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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: NateC who wrote (10036)	3/23/1999 1:19:00 PM
From: RDHickman	Respond to of 14162

any thoughts on that......? Isn't Sunday or Monday the best time to write the next month?.....and how do you get your account squared away....is this a problem with Dreyfus? InvestTrade?? Nate, in my limited experience, I have been either out of my position prior to the 3rd Friday, (my company's name is "3rd Friday Group", I sign my stationery RDH, Chairman, Committee of One) in again that month for the following month, or waiting for a "reasonable" opportunity to surface within one of several "possibilities". In looking at several possibilities, I have seldom "found" an immediate "winner(?)" at first glance, so I follow the selected possibles until the price of the underlying equity moves (either up or down) creating an opportunity. Twice, as soon as I have made the commitment, Herm or someone on this thread announces a LOOK AT THIS! which has been a probable "better" play. In the universe of equities there are millions of plays everyday. Fortunes are made and lost. Conventional Options reduces the choices, and L.E.A.P.S. further reduces the opportunities to select from. Screening for Solid Companies, Low Volatility, and an adequate percentage return is a really FUN game for me. I just follow the News, Charts, and appropriate Threads. Using the Technique of L.E.AP.S. as a substitute for the equity and Writing conventional Covered Calls is a very conservative play that has less risk than owing the stock outright. With Herm's W.I.N.S. Strategies - WOW! - It's almost a sure thing! Even then, IF the Market and a selected equity drops (gaps) big time, fast, a loss is going to occur. Protective Puts might minimize it some. I don't expect to make a "killing" this way, however, I don't expect to dent my meager capital very much either. /Dick