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: Hunt who wrote (7091)	3/18/1998 8:27:00 AM
From: Herm	of 14162

Hi Hunt, Finally, something to start the reversal. I hope! I was able to do two rounds of CCs in which I made a profit on the first and took (gave back) a small loss yesterday for a wash when I covered. So, I'm free to wait and see now what happens. The volume picked up today and VVUS was all over the place. Hit $12 at one point and pulled back on some profit taking. I would be glad to see VVUS close around $12 1/2 by Friday. They now can ship and bill three months worth of product to the UK. Although, at half of the profit margin of US sales. VVUS would be lucky to break even for this earnings report. The expenses have increased a great deal over delayed sales. The FDA approval will be the next news event. I can't imagine a no go from them.

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