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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 (6284)	1/5/1998 11:31:00 AM
From: Electric	Read Replies (2) of 14162

Herm, I have a question for you. I am assuming that you bought VVUS at higher levels and looking at the chart it looks like you weathered the drop last month. I wondered why you did not buy back the position you sold when it fell below the strike and near the next strike, and resell the lower strike, lowering your basis and salvaging a losing stock. This is only an opinion and I am interested in your views on this. Electric

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