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

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To: Vol who wrote (5685)10/28/1997 11:04:00 PM
From: mc  Read Replies (2) of 14162
 
Vol, Herm, thread...do you always wait for the price to move back up to the upper BB before writing the call, or is there a point at which you just write the next month out call, out of the money, for a cheap price and wait for it to expire. I've been waiting (as have we all, I'm sure) for a nice up move to write. Now I'm thinking I just ought to write some Nov-30s for some change before the time value totally erodes on them. So, wait for a move up or pocket some small change?

Thanks, Gary

Vol, also, (response to your comment to me on the VVUS thread) I don't want to imply that VVUS should sit on their hands. Press releases and such would be nice. I just don't think a PR war with a bigger competitor would lead to anything beneficial. Especially since we're already selling everything we can make. It might help the stock price a bit, but, then I'm not even sure about that considering the positive analyst statements that have done nothing to support the stock in the last few days. We are DUE for a bounce. My margin account sure as heck needs it.
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