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 (4144)	8/26/1997 12:03:00 AM
From: John B.	of 14162

Herm: i am seriously considering writing the VVUS Sep 27 1/2 calls on Tuesday for 1 3/16. This will lower my nut to 25 7/16. VVUS would have to close at 28 11/16 for the call to be at parity on Sept 19. This is very possible since VVUS doesn't hit resistance until $30. I hesitate writing the Oct. 30 call due to the earnings run potential. The Sep 30 options are only 9/16 to 5/8. However, the Sep 30 would be the most conservative. The Oct 30 may allow for another dippity-do. If i remenber correctly you wrote the Oct 30 with an eye toward dippity-do. What is your opinion of the risk/reward for the Sep 27 1/2's? John B.

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