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Strategies & Market Trends : The Covered Calls for Dummies Thread

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To: Dr. Id who wrote (633)	5/18/2001 12:00:45 PM
From: FaultLine	Read Replies (1) of 5205

Good morning Id, I see the Doctor IS IN. Yes, you're a busy beaver today. I got spooked by the NTAP pop yesterday morning and bought back my NTAP MAY 25's at 0.75. LOL, about five minutes after the Buy executed, NTAP turned down and hasn't been back since. The MAY 25's will likely expire worthless this afternoon. I'm still smarting after being in three nice positions on Tuesday (each were 60-70% down) and then not being smart enough to pull the trigger and get out. Now they are all back up. That was why I took no chances on NTAP yesterday (my other positions are all June). I'm thinking I'd like to get completely out of CSCO and beef up my NTAP and SEBL positions. I'm covered on CSCO right now (JUN 22.50) so I'll wait a bit and see how that works out. I'm completely uncovered on QCOM -- waiting to get the lay of the land. I think your AOL rollup sounds like a good idea. --fl

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