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: Herm who wrote (4025)	8/20/1997 1:08:00 PM
From: hal jordan	of 14162

Hi Herm, Are you holding VVUS with or without CCs? I had purchased back my CCs a week or so ago, and am looking to rewrite them. However, given the fact we are rising, I think I want to sit back and wait till it hits the upper 20's again. Then write Sep calls. That may not be a smart move with earnings due out in Sep. With a good report, VVUS could take off over 30, and my poor little premies will be miniscule. Calculated risk. I did the same thing writing Sep 50's on WDC when I purchased at 45. Now my little 2 7/8 premie got blown away with current premiums for the 50's. You win some, then you win some BIGGER:) The right timing and a little good luck helps. Hal

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