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Technology Stocks : Novell (NOVL) dirt cheap, good buy?
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To: Howard t Anderson who wrote (30396)2/17/2000 2:01:00 PM
From: Paul Fiondella  Read Replies (1) of 42771
 
Howard you shouldn't rely on me for this stuff

I really can't give you advice just my opinion and ideas. You have to call the shots. And you really should have professional advice.

In the examples I gave, no exercise was involved. In one case you simply sold the half the options. In the other you kept all of the options but sold a call at a higher strike price.

If you exercised your option and then sold a covered call, you would have to come up with $25 times 100 times the number of options contracts you hold. That could be a lot of money to have to deliver to your broker!

I think you can get ideas here but you have to find a broker that understands options to run them by.

Trading based upon what you think you understood someone to say is the worst form of disaster!!!
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