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 (4326)	9/2/1997 6:05:00 PM
From: Herm	of 14162

Hi Ofelia, A quick look at the chart indicates the VVUS is approaching the previous resistance point at $30. The upper Bollinger Bands will not be reached until around $31-32. VVUS is still selling at a 4% discount P/E multiple of 26.4. There is more upside coming. The bio-tech sector is coming back and the October earnings report make VVUS a pretty good candidate for eventually breaking through that $30 point. stocksmart.com My 10 contracts are for the Oct 30s which paid 1 1/2 each. Humm, I would cover ASAP and wait before writing another round of CCs. And then roll up by moving out three months to the $35 or $40 strike price.

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