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Strategies & Market Trends : The Covered Calls for Dummies Thread

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To: im a survivor who wrote (4848)	3/13/2007 8:30:00 PM
From: Uncle Frank	Read Replies (2) of 5205

>> Dont others sell puts on stocks they may wish to aquire? Typically it is bearish... Actually, writing puts is bullish. The person buying the puts is bearish. I'm bullish on ntap. It's trading at just over 36, so I wrote the April 35 put today for a premium of 1.00. If the stock drops below 35, it will be assigned, and my net cost will be 34. If it doesn't drop below 35, my bank account will be a few bucks bigger. Either way, it's a good thing. I don't regard the practices of writing puts or covered calls to be hedges. I use them to generate income. duf

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