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 (7152)	3/23/1998 6:51:00 AM
From: blankmind	Read Replies (4) of 14162

- This board is great. Before taking the plunge, could someone answer this: 1. Vivus (VVUS) - Apr98 12.5 calls are going for 3/8 2. VVUS stock trades around $10.50. 3. Here's I envision this unfolding - please correct as necessary a. Buy 1,000 VVUS at 10 1/2 (cost: $10,500) b. "Sell to Open Position" 1,000 calls at 3/8 (proceeds: $375) c. Net cost to me is only $10,125 (10,500 - 375) 4. If VVUS goes to $12.5 by the 3rd Friday in April, someone will give me $12.5 per share for my shares. 5. Thanks. c.

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