SLW is another interesting stock. SMA200 has been a strong support for the past 2 years. SLW is above SMA200 (34.05) and has just broke out of the SMA 20 (35.5). A covered call with a weekly 36 call yields 1.57% return with 1.27% ITM protection (i.e., the stock has to fall more than 1.27% before hurting the return). The only problem is the low option volume. I may not be able to get my orders filled.
About admin
Richard Cheng, M.D., Ph.D., is an avid Wall Street investor with 20+ years of investing experience. He is specially adept at observing the world to find the patterns and then design strategies to win his battle. Most, if not all, happenings in the world, follow certain patterns. These patterns may be complex, multi-factorial, not so intuitive at the first glance, or even may appear chaotic. However, even chaos has its own patterns. If you pay attention and be patient, you'll find them and then you will gain an upper hand in your battle. Using this blog space, he documents his trades and his thoughts as they happen. He uses this blog as a a notebook to help him better refine his strategies. Hopefully this will help you as well. Good luck in your trading.
