SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Network Appliance
NTAP 117.28-0.2%3:59 PM EST
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Normandi who wrote (7543)4/12/2001 12:16:39 AM
From: Uncle Frank  Read Replies (3) of 10934
 
I'm inclined to hang on to my ntap shares, but there will be some pain between now and earnings and for a while thereafter. Rather than try to time it, I'm going to write covered calls tomorrow morning. Ntap calls command a high premium. With the stock closing at 16.56, nulev (May 12.5 strike) were bid at $5.10. If ntap opens in the mid 14s, they should still command about $4. I see it as a reasonable hedge and some nice income in return for the pain.

jmho,
uf
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News