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Biotech / Medical : VVUS: VIVUS INC. (NASDAQ)

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To: 777 Captain who wrote (7631)5/2/1998 2:07:00 AM
From: AlienTech  Read Replies (1) of 23519
 
Captain, I was really thinking of selling calls on the stock I hold when it was at 12, but this is a news driven stock and quite a few things are in the wings so I would most likely have been called out on it so I didnt. My mistake. If you really want to be safe write may 7 1/2's on monday. If the stock goes down you have locked in a profit other wise you make a 1/4 on top of what you made from your buy price, I woudnt expect this stock to go below 9 1/4 but its already down from 13 to 10 which means it broke the first retractment rule already which is not an easy thing to do. But options on this stocks a crap shoot and with the high number of puts I think the stock will most likely try to expire @ 12 1/2 in june unles the guy who is playing the JUN 30/40's does something.
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