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Strategies & Market Trends : How To Write Covered Calls - An Ongoing Real Case Study!

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To: lonny who wrote (5209)10/5/1997 11:23:00 AM
From: Herm   of 14162
 
I would think all panic (short squeeze) is going to break out before Wednesday. The intraday VVUS chart on Friday, Oct. 3, 1997 indicates influx of 2 LARGE block orders starting at 3:16 pm @ $37.875 until 4:01 pm at $39.50. VVUS closed at the high of the day. I still can't believe that there is 12 days worth of short interest! It is going to be one heck of a rock and roll VVUS week. We can ride this baby up and down for the next two weeks and make several KAHUNAS! There is bound to be 4 to 6 point swings in VVUS. That's alot of premies back and forth! Count me in for this one! You CCers get ready to ride this stock! Keep those CCs in Oct. or Nov. at the most at the money for nice wipe saw!
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