Silicon Investor (SI) -- The First Internet Community

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! -- Ignore unavailable to you. Want to Upgrade?

To: Herm who wrote (6282)	1/3/1998 4:24:00 PM
From: hal jordan	Read Replies (2) \| Respond to of 14162

Herm-- Are you CCing VVUS at these levels? Can you believe there are June 7.5s out there! Who would have believed that one month ago. I calculated the rate of return if you sold a June 7.5 at 5 5/8(last sale) and for the period it would be over 15% return, if you buy in at 11 1/4. VVUS would have to plummet to $6 a share before you start losing money. What are your thoughts here? Hal

To: Herm who wrote (6282)	1/5/1998 5:33:00 PM
From: JoAnn McCracken	Read Replies (2) \| Respond to of 14162

Hi Herm, Just wanted to add my name to those thanking you for help and advise. I've only been here a couple of months, but I have gained substantially by reading this thread. It has been nice to have a sounding board through you and others on this thread. It turns out that doing the VVUS buy write was the right thing to do. The price still hasn't recovered to that level since I wrote it. I was able to purchase 300 more shares of VVUS at 10 so it should be exciting to watch it climb. Best of luck to you, Doug, and all the others who make this thread worth reading. JoAnn