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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: David Wright who wrote (10549)	4/26/1999 5:22:00 PM
From: Herm	Read Replies (1) \| Respond to of 14162

"In fact, you will always hear me go long and deep when that upper BB is tagged and the RSI is sky high. " I don't understand exactly what you mean when you say "long and deep". Are you talking about buying an OTM put for downside speculation/protection? I meant that I will go long and deep with my CCs when the stock price tags the upper BB and the RSI for the stock is high ala our WINs approach. At that point, going deep with the CCs will generate the cash to cushion any give backs. Sideshow PUTs OTM as you suggested would also sweeten the pot as a hedge and extra profit. Of course, what I like best is that I use my CCer's premies to buy the cheap PUTs. Again, for the new lurkers out there! We have a free PowerPoint presentation you should view to understand conversation on this forum. Don't feel like you can't ask questions. We range from option novices to real savvy investors on this forum. We all can learn a great deal. WINs PowerPoint Presentation: webbindustries.com Excel Templates webbindustries.com