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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: Herm who wrote (10639)	5/6/1999 11:32:00 AM
From: Jonathan Thomas	Read Replies (1) \| Respond to of 14162

Herm, All... How do people feel about NOVL? I was thinking of putting a buy order in at $22, see if I can get it on a dip, that is close to the lower BB, but it doesn't seem to want to go down far enough to touch it. RSI is relatively low, but not at the bottom. It has maintained VERY well in the recently volatile market. Once I buy in, the plan was to see if I could get it close $25, maybe $24 to sell an at the money call 2-3 months out. Opinions on this move, and the stock in general? Thanks.. Ryan