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 Strategies & Market Trends : How To Write Covered Calls - An Ongoing Real Case Study!

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To: Joseph Francis Torti who wrote (13960)5/2/2002 6:55:26 PM
From: HermRead Replies (2) of 14162
 
OK Joe!

Let's re-focus our combined efforts on this forum
reviewing TYC as an investment opportunity and the
educational aspects of investing.

TYC CHARTS
I plotted the stock using four technical indicators. They
are the BBs, RSI, OBV, and the SAR. TYC is finishing a
major distribution phase and has formed a significant
bottom.

TYC Daily Profile - 6 months
stockcharts.com 

TYC Weekly Profile - 2 years
stockcharts.com 

Both the RSI and OBV show an obvious oversold condition.
A technical rebound or dead cat bounce has started.
Indeed, the daily profile chart indicates three days
(so far) of solid rebound with the major overhead resistance
at $28 to $30. Let us assume that TYC will remain under $30
for some time until all of the weak hands fold.

That means we have a profit making potential here legging
into TYC and perhaps writing covered calls, trading calls
and LEAPs. In other words, we want to take advantage of the
testing of the bottom which is bound to occur. New money
may want to get it and play the stock. Old money needs to
lower their net cost basis as well.

TYC Options
coveredcallswins.com 

Anaylsis
coveredcallswins.com 

Sector Review
This stock has one super low PEG at .3 while the S&P 500 has
an over PEG of 1.8. TYC is sure cheap and could be a long
term hold while milking the calls and LEAPs.

coveredcallswins.com 

Conclusion

My backtesting software indicates TYC signaled a long trade
on March 4, 2002. The backtested hits of 47 with an overall
APR of 27% makes the risk worth it for the more aggressive
investor.
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