Network Appliance Message Board

STOCKTALK

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 103.25

-2.8%

Nov 20 3:59 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: John Madarasz who wrote (9480)	11/10/2001 4:38:40 PM
From: Jacob Snyder	Read Replies (1) of 10934

Good post. Lots of things to think about. At just below 20, I'm going to consider selling some nearer-term calls, as a hedge. With the volatility, and recently increased option premiums, selling calls makes more sense than buying puts. I'm thinking NULOD (march put 20s). At-the-money options have the most time premium, which will evaporate quickly. I'm not sure about the tax treatment of this. If I'm long the 2003 and 2004 calls 20s, and sell the March calls 20s, does the IRS consider I'm still long? Or do they consider that I have effectively closed the position? Seems to me this is analagous to selling covered calls against a long position. This gets absurdly complicated.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next