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Technology Stocks : Juniper Networks - JNPR
JNPR 39.950.0%Jul 2 5:00 PM EST
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To: Wes Stevens who wrote (2051)1/17/2001 7:31:31 AM
From: Ibexx  Read Replies (1) of 3350
 
Last week I wrote covered calls (Feb 150) to hedge against my long position for a rich premium of $11.00.

If Fed gives us another big present of 50 basis point - not too likely at this juncture - then my shares could be called. Otherwise I think they are safe.

Regardless of the outcome, I think my call writing was a good deal either way.

Ibexx
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