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Technology Stocks : Network Appliance
NTAP 115.66-2.9%Dec 12 9:30 AM EST
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To: kas1 who wrote (4759)10/20/2000 1:25:00 AM
From: Uncle Frank  Read Replies (2) of 10934
 
>> I ended up buying back my calls (at a hefty loss) in order to avoid getting my stock called.

I'll wager the increase in the value of the stock is significantly larger than the difference between the sale and re-purchase price of the covered calls. Also, the loss on that transaction is tax deductible.

You didn't lose a thing. You can't lose a thing. That's the beauty of the covered call strategy.

uf
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