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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 (4393)9/5/1997 1:04:00 AM
From: RCVJr   of 14162
 
Herm - I'm curious as to why you felt the need to cover. The chance of being called out, IMHO, is minimal at this point. Why not wait until you could capture some of the "time" premimum. If VVUS had spiked up, you may have needed more dollars to cover but your overall profit would have increased as well...or am I missing something. I have 300 shares of VVUS that I CCed (sep25). The time premimum is almost gone so I will cover the last week or so prior to expiration, and then CC again at a higher $$.
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