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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 (6303)1/6/1998 9:27:00 AM
From: Electric  Read Replies (1) of 14162
 
Herm,

I thought that was what you might have done. What happened for such a steep drop in the price? It looks to me that VVUS is a well run company at the lows in many categories for the industry (price/book,PE etc) Was it a pre-warn last quarter? I know that I am looking only at stocks priced near the 10-15 range for that fact alone, I lost a bundle buying options on TXN last November and now look very cautiously before entering that arena, and do the same for CC's. I am sorry to hear of your difficulties and hope that you rebound in the near term.

If anyone is interested, I entered MB for a CC trade or a quick play to the 10 area. Using margin the Feb's 10's will yield 20% and if called out 30.

Electric
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