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Strategies & Market Trends : Option Trades -- Ignore unavailable to you. Want to Upgrade?

To: zx who wrote (587)	1/28/1998 12:06:00 PM
From: scotty	Read Replies (2) \| Respond to of 2341

ag,I don't have the patience to buy and hold.Did you see Cramer on CNBC this morning? He says market is rangebound,he buys stock for 4 to 5 point move,then sells.Easier said than done.

To: zx who wrote (587)	1/28/1998 4:44:00 PM
From: Rick C.	Read Replies (2) \| Respond to of 2341

Arnold~Entered put bullspread on Vivus for 1 1/2 credit - sold Mar 15 VVQOC/bot Mar 10 VVQOB. VVUS up 5 in last two weeks (+33%). Probably whipsaw for few more days like today before retrace to 20's. Company just started a massive PR campaign geared directly to Dr's and pharmacists only, and doubling production facilities nearly completed. I'll be looking for any kind of a pullback to pick up cheap calls around 20. That's the icing. Closed today at 14 11/16. I've done very well with this one in past year. Solid company. Rick