How To Write Covered Calls - An Ongoing Real Case Study! Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: FruJu who wrote (7365)	4/28/1998 5:37:00 PM
From: Herm	Read Replies (4) of 14162

I would agree with your observations. Since, you have the 1 3/4 downside protection from the CCs I would wait until you can either cover and lock in 80% of your premies or let it expire worthless if it remains below $11.00 You might go out to June 10s to grab bigger premies. What is your net cost basis (nut) at this point? Plug in the two values to see your worse case scenerio. The next $ pop should come from an FDA manufacturing announcement. Who knows when that will happen? It better be before June otherwise VVUS will be back to $8.00 in no time! I have a strong feeling the MMs are driving VVUS down to $9.50 again for the upcoming May expiration. This viper is a jump frog. No news, no price increase!

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next