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

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To: drsvelte who wrote (6085)12/11/1997 7:57:00 AM
From: Herm   of 14162
 
There is bound to be a bounce today of 2+ points from all the margin calls, cashing in of PUTs, short covering, and momentium daytraders.

The CALLs are SO cheap that the MMs will grab them up to make a bundle by next Friday expiration. Of course, the VVUS March 20s sound about right for bringing in some big premies to cover next week or two.
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