CoveredCall.Com Premium Service Members Take Home Perfect 9 for 9 in September Writing Credit Spreads.BELLAIRE, Texas--(BUSINESS WIRE)-- Oct. 2, 1998--On September's expiration Friday, CoveredCall.Com Premium Service Members (http://www.coveredcall.com/1premium2.htm) took home profits on every credit spread position taken for the month. A perfect 9 for 9 on credit spread option plays. CoveredCall.Com has a track record of making correct calls on over 80% of the credit spreads posted on their web site. Generally, their credit spread plays are successful when the underlying stock falls in value or even if the stock goes up, as long as the stock doesn't increase another 10%. Re-read the previous sentence, that's a powerful strategy. September's perfect month of credit spread option plays included: -- Source Media (Nasdaq:SRCM SRCM Shri Ram Chandra Mission (India) SRCM Stochastic Radio Channel Model SRCM Società Romana Costruzioni Meccaniche (Italian, training hand grenades) ) posted Aug. 7 trading at $17.625. SRCM traded at $7 on expiration Friday. Winner. -- General Magic (Nasdaq:GMGC) posted Aug. 10 trading at $8.4375. GMGC traded at $6.50 on expiration Friday. Winner. -- Tel-Save Holdings (Nasdaq:TALK) posted Aug. 11 trading at $13.1875. TALK traded at $12 on expiration Friday. Winner. -- Smartalk Teleserve (Nasdaq:SMTK) Aug. 13 trading at $8.25. SMTK traded at $6.25 on expiration Friday. Winner. -- Advanced Fibre (Nasdaq:AFCI AFCI Association of Film Commissioners International AFCI Arc Fault Circuit Interrupter AFCI Advanced Fibre Communications, Inc AFCI Acupuncture Foundation of Canada Institute (Institut de la Fondation d'Acupuncture du Canada) ) Aug. 17 and again Aug. 21 trading at $10.9375 and $11.3125, respectively. AFCI traded at $8.50 on expiration Friday. Both winners. -- PLC Systems (AMEX AMEX See: American Stock Exchange :PLC) posted Aug. 20 trading at $8.9375. PLC traded at $5.375 on expiration Friday. Winner. -- Wavephore Inc. (Nasdaq:WAVO WAVO Association of Women Against Violence ) posted Aug. 21 trading at $8.75. WAVO traded at $6 on expiration Friday. Winner. For October's expiration, CoveredCall.Com's Premium Service has credit spreads posted on Lehman Bros. (NYSE NYSE See: New York Stock Exchange :LEH), Excite, Inc. (Nasdaq:XCIT), USWeb Corp. (Nasdaq:USWB USWB United States Weather Bureau USWB Ultra Short Wheel Base (bicycle) ), United Companies (NYSE:UC), CBT Group PLC (Nasdaq:CBTSY), Computer Learning (Nasdaq:CLCX), Globalstar Telecommunications (Nasdaq:GSTRF GSTRF Globalstar Telecommunications Ltd ), and CMG Information Sevices (Nasdaq:CMGI CMGI Commonly Maintained Grounds Infrastructures CMGI College Marketing Group Information (Services) ). CoveredCall.Com isn't bearish on all stocks however. Their Safety First Table and various covered call tables include Home Depot (NYSE:HD), Compaq (NYSE:CPQ), AOL (NYSE:AOL), Dell (Nasdaq:DELL), Apple Computers (Nasdaq:AAPL), McDonalds (NYSE:MCD), General Electric (NYSE:GE), IBM (NYSE:IBM), and Eastman Kodak (NYSE:EK). For further information about CoveredCall.Com or to take part in their free trial access to their web site, visit them on the web at CoveredCall.Com Premium Service (http://www.coveredcall.com/1premium2.htm). |
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