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

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To: Herm who wrote (4020)8/20/1997 11:33:00 AM
From: Ofelia Cuesta   of 14162
 
Herm any input on this? Thanks.

TECD ran up too fast for me to get in. Therefore,I am considering either:

1) adding to my VVUS 500 share position by buying calls on the side (maybe 5
contracts). Considering, preferably the Sept. 20s, but also the Sept. 22 1/2s.

2) establishing a ROST position (this would allow me some diversification) by buying
the Sept. 25 calls.

Are the month and strike prices good choices or am I completely wrong? Whichever
call I buy would be with the idea of exercising the options before expiration and
moving into stock.

Could you give me your opinion on this strategy? Thanks
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