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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: Greg Higgins who wrote (10422)	4/17/1999 3:57:00 PM
From: FruJu	Respond to of 14162

Thanks Greg! Your answer makes perfect sense. I have been CCing the underlying stock up till a couple of months ago, but recently tried CCing monthly calls against a 6 month call on ATML, and was very successful (after having held the 6 month call for a couple of weeks until it recovered from an RSI of 20 and lower BB to be able to lock in higher premiums on the short term calls - the buy/write strategy I generally consider too conservative for my investing). The attractiveness of the CCing the LEAPs is that it allows me to move up to higher priced, more liquid stock/options for a lower capital investment. Once again, thanks for your responses.