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 (4023)	8/20/1997 12:37:00 PM
From: Herm	of 14162

VVUS is long over due for a bounce. As I'm writing VVUS is up 3/8s on 300,000 plus. I watched a 10,000 block trade on a down tick go by a moments ago to change it to a VVUS no change. So, there is positioning taking place. The July short interest on VVUS was 10,770,875 shares compared to 11,138,174 in June or -367,299 (-3%) fewer shorted shares with an avg. daily volume of 1,602,899. That is quite a bit of shorted stock stock and someday will reverse as they run some day soon for cover in a short squeeze. The next earnings report might just do it! That would account for the downward pressure on VVUS this past month! You have the right idea with your approach.

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