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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: Electric who wrote (6427)1/14/1998 4:25:00 PM
From: hal jordan  Read Replies (1) | Respond to of 14162
 
>I have a feeling that VVUS is going to beat estimates and it might roll to 15-20 area....<

Oh Pleeeze, pleeeze, pleeeze. My March 12.5 calls are desperately seeking 20:)

Hal



To: Electric who wrote (6427)1/14/1998 7:26:00 PM
From: Tony D.  Read Replies (1) | Respond to of 14162
 
Electric,

I was brousing through, saw this post, and thought I'd add ny 2cents worth.

I bought VVUS at $28 and then at $26, Sold the $30 calls, bought them back for a loss when the stock was over 30, saw the stock hit 40, waited like everyone else for it to go to 50, and bailed at 12 1/8. I lost my BUTT!!! Thanks to Mr. Vinik etal. (Herm knows who I mean). If VVUS goes to 20, 30 or whatever, I'll be sad because I missed the boat, but I'll be glad for some of the graet folks on this thread.

"No guts, no glory"

Best of Luck
Tony D.