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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 (6233)	12/27/1997 3:43:00 AM
From: 4 - Bob	Read Replies (1) \| Respond to of 14162

Welcome back Herm, One good thing about the drop in VVUS price to the $10-$11 range is that it has allowed me accumulate shares beyound the 300 share minimum recommended for ccing. Yes, you are right, I am in no hurry to write cc now. I will wait patiently for a rally. After not being able to get into VVUS in the $30 - $40 range, I am encouraged to now have net cost basis of $10-15/16. As a side show, I also have VVUS March 12-1/2 calls. When INTC was at $77-1/2, I wrote the April $70 call for $13-1/8, which lowered my net cost basis from 80-13/16 to $67-11/16. With INTC reporting earnings after the bell on Tuesday Jan 13, 1997 anything can happen. I can close out the cc position now at $7 for $6-1/8 profit. Do you have any thoughts you might like to share on this bottom BB hugging INTC? Thanks in advance for any comments. LIve Long & Prosper 4-Bob