How To Write Covered Calls - An Ongoing Real Case Study! Message Board

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

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To: Ofelia Cuesta who wrote (4343)	9/3/1997 12:34:00 AM
From: Vol	of 14162

Ofelia, I agree as Herm has taught us the net cost basis (NUT) is KEY. Since I just bought VVUS, after selling my cc's, my NUT is 25.7. I would be plenty happy being called out at 30, even if VVUS goes to 50. I would just find another stock to cc. My main concern is drop in price. I think Doug's unenviable situations has demonstrated this. Even if you have time to buy back your cc and sell another, it seems that a rapidly falling price is the death blow to the cc strategy. Not that I'm giving up, to the contrary. There has to be a solution for this problem! Please help me find it!

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