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Technology Stocks : Novell (NOVL) dirt cheap, good buy?
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To: Scott C. Lemon who wrote (29739)1/3/2000 2:30:00 PM
From: Paul Fiondella  Read Replies (2) of 42771
 
Scott yes you have to hold the stock or its like shorting but worse

since you don't get the immediate full value of the stock sale but only the option premium.

Since for the leap you have to hold the stock, it doesn't make sense if you are determined to sell. In that case selling a short term call that will get exercised is better.
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