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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 (4329)	9/2/1997 7:15:00 PM
From: Vol	of 14162

Herm and Ofelia, how much are you willing to pay for those Oct 30's on VVUS to get them back? This is my dilemma - Hold on to most of my profits and wait to buy them back at 1/2 (I got 1 5/8 for them). Or should I set a higher limit like 1 in the hopes of riding Vivus a little higher and rolling up to 35? I doubt they will drop to 1/2 with the good news rolling in. What is your buy back price? Scratching my head, -Vol

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