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 (4193)	8/28/1997 11:42:00 PM
From: Bill Kovalick	of 14162

Herm, Yeah, I shoulda sold some CC's on VVUS to lower my net cost but I think one of the trickiest things with this bizness is judging when the stock has hit a near term peak (sell point). Recent example: a couple weeks ago, I sold the Sep 37.5 calls on AMD when it spiked up a few points. I felt pretty good about this until the next day when it jumped $5 ! (due to news about IBM coming onboard). Now, AMD has pulled back considerably since so this may work out fine but I sure felt like a dufus after the $5 surge. Regarding VVUS, don't you expect to see pre-earnings anticipation buoying up the price over the next few weeks ? -Bill

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