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 (6076)	12/11/1997 12:17:00 PM
From: mc	Read Replies (1) of 14162

Herm, I agree that there may be some upside potential in earnings come January after all the downgrades are in. Especially if they are buying back shares. I'm still in, but, walking the razor's edge as far as a margin call. Any more down move in VVUS and I'll be ponying up some more cash also (which I haven't kept on the sideline). Hey Sailor - was it you that was into IOM with me? I don't remember now. Either way, whoever it was, it's coming back to us. Hopefully a few more days of sell-off and I'll have a chance to buy those calls back at a nice profit. Also, now that my equity has tanked and is less than 50% in my margin account, will I have to put up cash to get it back to 50% + so that I can buy back those IOM calls? I haven't been in this position before (and hope not to be again). Thanks and good luck to everyone, Gary

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