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Strategies & Market Trends : Option Trades

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To: zx who wrote (587)1/28/1998 4:44:00 PM
From: Rick C.  Read Replies (2) of 2341
 
Arnold~Entered put bullspread on Vivus for 1 1/2 credit - sold Mar 15 VVQOC/bot Mar 10 VVQOB.

VVUS up 5 in last two weeks (+33%). Probably whipsaw for few more days like today before retrace to 20's.

Company just started a massive PR campaign geared directly to Dr's and pharmacists only, and doubling production facilities nearly completed.

I'll be looking for any kind of a pullback to pick up cheap calls around 20. That's the icing. Closed today at 14 11/16. I've done very well with this one in past year. Solid company.

Rick
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