SI
SI
discoversearch

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.
Technology Stocks : Compaq
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: MeDroogies who wrote (74435)12/22/1999 3:17:00 PM
From: Night Writer  Read Replies (2) of 97611
 
MeDoogies,
I think 35 is overly optimistic (why I went w/32.5's). If I'd bought cc's last week, I have a double + already, so you'd expect some heavy selling to take place.

cc are covered calls. Covered calls are when you sell calls on a stock you own. If a stock holder thinks his stock price might drop, he can sell in the money calls. When the stock price drops below the strike price he will then buy the calls back at a cheaper price. Normally this is not done until close to expiry date. It is like selling the stock you own short. Of course if the stock goes up, you lose the stock, or lose money buying the calls back.
NW
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News