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Strategies & Market Trends : Value Investing

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To: E_K_S who wrote (40477)12/11/2010 4:56:11 PM
From: Grantcw  Read Replies (1) of 78676
 
SVU - Covered Calls

I bought a small position in SVU a few weeks ago. I'm considering adding and writing calls on just my additional shares, leaving my initial buy open.

Have you written calls on your position here? The Jan '11 Calls at $9 seem to offer a decent premium to continue to write monthly calls against, but it's not the same coverage that you seem to have gotten on other positions where you write calls further out and reduce your basis by 20%+. Decisions, decisions...

Thanks,

cwillyg
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