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Non-Tech : The Critical Investing Workshop
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To: Voltaire who wrote (6791)3/10/2000 9:00:00 PM
From: Neal davidson  Read Replies (1) of 35685
 
<<The beauty is even if a stock like QCOM dropped to $85, Bobo's losses would be severe and Bebo's would only be about a third of that NOT COUNTING HIS PREMIUM, so it would be even less than a third of Bebo's loss because he was covered and he would still get something like $12,000 to $13,000 in call premium and remember, ORDINARY INCOME, no FICA, FUTA, SUTA or Med Care taxes.>

Wait a sec...They both bought the stock for the same price. Therefore, to the extent that Bebo has a smaller loss, it is due to the fact that he covered and is collecting premiums. Why do you assert that his loss is smaller without regard to the premiums he collected?
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