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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 (4408)9/4/1997 10:24:00 PM
From: hal jordan   of 14162
 
Herm, overall I have not lost money CCing. Ugly just happens to be the ugliest CC I've written, with the exception of PAIR back when it was 38. I think I'm going to wait this one out and hope for a price rise. Do you still believe fundamentals to be intact here?

VVUS more than makes up for UGLY. VVUS has got to be one of the sweetest CCs I know of. Very predicatble so far. Limited downside to boot (so far). Do you have any stocks you would put in a VVUS class--and where they are now in the trend?

FWIW--I almost never purchase calls anymore--with two exceptions. Lots of WSTL and AMTX out to '98. They could be great stocks to CC if you don't like the risk of calls. In the nearterm, both should have good news coming out. Therefore, I believe they have limited downside with great upside potential. Good premies. Check 'em out,

Hal
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