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Strategies & Market Trends : How To Write Covered Calls - An Ongoing Real Case Study! -- Ignore unavailable to you. Want to Upgrade?

To: Douglas Webb who wrote (5730)	10/31/1997 9:04:00 AM
From: sailor	Respond to of 14162

Doug Interesting you should ask. I sold some VVUS yesterday to by INVN only for the daytrade. It slowly creap up, and then on some BIG sales droppen like a anchor. It went down so fast(while Datek was having their first technical slow of the week) that I lost T O O much. I still don't know why it dropped. It still looks so good long term that once I finally did get out and back into VVUS, I went and bought some Dec 12.5 calls. They seem a bargin. (but so did the stock) I'll mean time keep my large bills on VVUS stock and my pocket change on the INVN calls. With hindsight, I probably should have gotten the Dec 10's. Sailor PS Don't know where you are at, but I would watch for a quick sale on the INVN if you have to cover margin sometime today(IMHO)