How To Write Covered Calls - An Ongoing Real Case Study! Message Board

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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 (5341)	10/8/1997 9:03:00 PM
From: Spots	of 14162

Hi, Herm. Well, haven't had much thread-following time as it's back to work for me after several days off, but I did want to report that I've established a VVUS CC position with Nov 40's at $4+ and have Oct 35 pps in place just in case. If I get called I clear 1200 on 500 sh. If it pops here I'll roll the Oct 35pps to Nov (prob 37.5's) and close my gap on a big pull back. In a pull back, I'm ready for dippity doo. So I guess I'm in the play, for better or worse. Thanks for your help so far. Will be asking for more for sure. Regards, Spots

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