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: Marlin C. Harmon who wrote (5924)	11/20/1997 5:26:00 PM
From: Herm	Read Replies (2) of 14162

VVUS was smoking today! Up +2 5/8s to close at the high with a nice volume of +1.8 million shares. No, I would not short VVUS at this point. Sell (write) Naked PUTs and buying CALLs as a sideshow yes! I will hold off writing CCs for now! Wait until the RSI moves up above the 70 mark and the upper BBand is touched. Indeed, Doug's and Spots'parity reading projection of VVUS @ $25 to $27 1/2 by options expirations day next week looks very promising! We need to add that detail to Doug's web site. I'm working on a Excel spreadsheet add-on (update) for the options parity projector. That goes real dandy with the TRO% information since you know what the price movement potential is for any stock. VVUS is down to 16 days for 100% float turnover! You can imagine what VVUS can do between now and the end of their last quarter in December. A very nice day today! Sailor and others may have some spending money come next Friday!

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