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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: Herm who wrote (5874)	11/15/1997 10:33:00 AM
From: Ofelia Cuesta	Read Replies (1) \| Respond to of 14162

Herm, Doing well as I hope you are too. With your recommendations: i) I bought back my VVUS cc's in time to profit from the move up, ii) got out of all my VVUS positions before this dramatic tumble. iii) bought CREAF calls when it was at 19 and sold them for a profit. Right now I am considering a play with VVUS and/or CREAF. Question: In a previous post (two days ago) when VVUS was bottoming you mentioned the Nov calls were dirt cheap and a buy. Of course the stock has gone up a couple of points, but didn't close above 24. Is there still a play in the Nov calls although they are more expensive and expiration is next week? Or do you think its better to go with your recommendation today of the Dec 22 1/2s or 25s. Any good plays with CREAF? I am mostly trying to do calls right now and then go long on the stocks. Appreciate the URLs for those sites. Thanks.