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: Vol who wrote (5503)	10/20/1997 6:23:00 PM
From: Herm	of 14162

Howdy Vol, Well, that's a real nice premie you tucked away into your account. And, now you can double dip in a few days at one strike price up @ 2 to give you a combined total of 4 (2 before + 2 coming up) points for the same length of time (Nov.37 1/2)! There will be plenty of rock and roll. First, we have those with the weak stomachs that are praying the VVUS returns back to $35. Then, we will have the end of the year house cleaning by the fund managers. Hey, some of them dump great stocks in November/December and buy them back in January just to "cook the books." Fund manager get bonus money based on performance. So, they dump stocks with large gains just to be able to freeze in the profits (move to more cash)and make up for the dogs they had! VVUS may be sucked into such tactics because of the high TRO. In 18 days VVUS can move up/down in wide swings like we have been watching the last two weeks. Needless to say, it's a momentum stock that can MUSE back to life in a very short time span.

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