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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 (10801)	5/15/1999 11:57:00 AM
From: David Wright	Read Replies (2) \| Respond to of 14162

Herm, "Quick W.I.N.s. Review" Great stuff there. I just reviewed all of the positions I took in the last two months after reading WINs. It looks like I'll close out with a 20% per month ROI, but it could have been more than double if I had done everything you listed in WINs and in your post. These strategies work regardless if you are ccing near term or long term. The hardest thing for me to do has been to wait for the stock to come up to tag the upper BB before I write the call. Discipline, discipline!!! Dave

To: Herm who wrote (10801)	5/15/1999 11:08:00 PM
From: Roman S.	Read Replies (4) \| Respond to of 14162

Even though the thread is dedicated to covered call writing, I have a couple questions that I hope to be answered. 1) In the case of selling naked puts, is it logical to assume the brokerage would require that you have enough cash in your account to cover the purchase of the stock just in case it was 'put' to you? I have a conviction that a stock (cheap) will be moving up, and thinking about writing some naked puts and at the same time buying calls at the same strike price and for the same expiration. 2) So at the worst, my calls purchased would expire worthless and stock which I probably wouldn't mind owning at that point and the stock would be 'put' to me or may even not be put to me, but still have the premiums from the puts written in the first place. 3) Ideal scenario is that the puts expire worthless for someone as the price of the underlying security moves the calls 'into the money', thereby getting those premiums in hand for the puts and cashing in on the calls hopefully towards the high end before expiration. This give me the most bang for my buck if I am correct in assessing the future of this move. Correct? Thank you for your time in advance.