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Strategies & Market Trends : The Covered Calls for Dummies Thread

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To: FaultLine who wrote (1597)	7/23/2001 8:37:14 PM
From: Mathemagician	Read Replies (1) of 5205

Does this make sense? Somewhat, though I am a bit confused that even though you have a strong belief in the short-term decline of the underlying you are entering into a short-term bullish position. Why not sell the stock outright, or use ITM calls to effect a sale? Your SEBL will result in a STCL to offset some of your earlier CC premium gains and/or regular income. If you were protecting a capital gain (as you may be with NTAP) then your strategy would make more sense. Something I'm missing? dM

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