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Strategies & Market Trends : How To Write Covered Calls - An Ongoing Real Case Study!

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To: Electric who wrote (6427)1/14/1998 7:26:00 PM
From: Tony D.  Read Replies (1) of 14162
 
Electric,

I was brousing through, saw this post, and thought I'd add ny 2cents worth.

I bought VVUS at $28 and then at $26, Sold the $30 calls, bought them back for a loss when the stock was over 30, saw the stock hit 40, waited like everyone else for it to go to 50, and bailed at 12 1/8. I lost my BUTT!!! Thanks to Mr. Vinik etal. (Herm knows who I mean). If VVUS goes to 20, 30 or whatever, I'll be sad because I missed the boat, but I'll be glad for some of the graet folks on this thread.

"No guts, no glory"

Best of Luck
Tony D.
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