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Strategies & Market Trends : The Covered Calls for Dummies Thread

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To: Dr. Id who wrote (3159)	12/19/2001 11:46:19 AM
From: rydad	Read Replies (2) of 5205

Thank you, exactly the type of answer I was looking for. I agree totally with what you wrote. I guess the only reason I would write the Mar 7.5 would be if I absolutely only wanted to buy the stock at a very low price and didn't mind tying up the $37500. I will weigh the differences between your answer and my question and probably find something in between. I just wonder what is the probability of NTAP dropping from $24 to $15. It seems if it would drop to $15 it could very easily drop to $10. But $7.5 would really need a major "crash" to happen. I will look at the charts and do some more thinking. Anyone else have an opinion on this? Thanks again

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