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Strategies & Market Trends : Calls and Puts for Income
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To: Grantcw who wrote (4691)12/9/2010 1:43:46 PM
From: Grantcw   of 5891
 
Well, based on my previous post, it's better to be lucky than smart. I got lucky on my OREX position given the approval of their diet drug.

AVNR is down and I'm at a loss on my initial position. I'm waiting for the call to expire to write another one. I bought more shares at 3.76 and wrote March '11 $4 calls at 0.50.

Also, I'm starting to buy SVNT and writing Jan '11 12.5 calls.

Thanks,

cwillyg
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