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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 (10274)	4/9/1999 2:22:00 AM
From: Shell R. Poust	Read Replies (1) \| Respond to of 14162

This is the same position I have except its with CMGI. Bought at 188+ ,wrote April 210s for 12+ and was doing okay til the last few days. I will either wait for some down days or most likely wait til April 15/16 buy the 210s and then move up and out to May 230 or 240s Any other ideas most welcome! Shell

To: NateC who wrote (10274)	4/9/1999 8:58:00 AM
From: Herm	Read Replies (1) \| Respond to of 14162

AOLis still losing strength in the RSI and the upper BB has already been tagged. The Yahoo earnings release has provided a little boost for AOL. You could wait a few days to see AOL move down or side ways. Personally, I hate buying back CCs at a lost. I would rather buy long sideshow calls with the premies and let that offset any gains lost in the stock appreciation. I can then either exercise my in the money long calls if I know I'm going to be called out of the original stock or just cash in the long calls and let them call me out! iqc.com AMERICA ONLINE INC (NYSE:AOL Last Sale: 160 1/2 +2 1/2) AOL Trading Summary 08-APR-99 Ticks Money Flow($MM) Avg. Price Small Blocks +795 -791 +90.1 -84.0 157.6326 Large Blocks +29 -17 +103.8 -63.6 157.2305 Total: +824 -808 +194.0 -147.6 157.4489 07-APR-99 Ticks Money Flow($MM) Avg. Price Small Blocks +751 -814 +71.3 -96.9 164.7437 Large Blocks +19 -31 +53.9 -234.3 165.8782 Total: +770 -845 +125.2 -331.2 165.4711