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

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To: Spots who wrote (5220)10/5/1997 7:21:00 PM
From: Herm   of 14162
 
Hummmm? I guess I would lean towards picking up at or in the money Oct. VVUS CALLs after the Monday gap opening. Say, around 11:30 am to 12:30. The OCT. 40s would put you in a high delta option position that you can move in/out and make a 1,000+- in a week. Here is the VVUS option prices, open interest, implied volatility, and Delta from Doug's web site. webbindustries.com Don't forget! The higher the delta the closer the stock price movement dollar for dollar in the option. That is fantastic leverage!
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