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Technology Stocks : Network Appliance

NTAP 119.39

+1.8%

3:59 PM EST

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To: Richard M. Jimmink who wrote (4787)	10/22/2000 8:36:46 PM
From: briank	Read Replies (1) of 10934

That's kind of why I like Sunw. It's been climbing steady w/o the really large swings. A great return w/o the gut wrenching volatility. Thus, not nearly as high of options premium. I guess I can't have it both ways. A few months back I placed an order to buy NTAP calls in my Fidelity cash account but got an error message that I couldn't buy them on margin. After some thought I realized that buying calls on margin was probably not such a good idea. However, I can't see any reason why you shouldn't be able to write them on margined securities. I'll have to look in to it a little further. I try to keep my margin equity above 60% - a little room for an unexpected down draft. -briank

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