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Strategies & Market Trends : The Covered Calls for Dummies Thread
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To: Uncle Frank who wrote (4879)4/13/2007 5:32:21 PM
From: im a survivor  Read Replies (1) of 5205
 
Interesting.

Are you taking a shot at it?

I guess I need to do some dd on dndn<g>(say it 10 times real fast... dd on dndn) and see what they are all about.

That sure is a nice premium for a next month $10 put, on a stock currently at $17.75

but as you said, it was recently a $5 stock.....so, I guess we need to determine if this will hold or crumble and if crumble how much, cause that would still be an $8 PPS if it is put to you, so it would have to crumble alot to get creamed.

It does look to good to be true, so with my luck, it would drop back to $5 or below which could be painful<g>....but wow, $2.00 a pop for the may 10's and stock is currently at $17.75 is crazy....I will have to look into this....Have you followed dndn at all or know much about them? ....Hmmm...this is one of those that looks too good to be true but at the same time maybe worth a gamble..maybe sell 5 or 10 or whatever just for kicks...even if you are assigned at $10 ($8 really with the $2 premium), you could then write calls against it, assuming the premium was there.....sure is tempting to sell ALOT more, but knowing nothing about dndn right now I'll wait and look in to them before making any decision....thanks for mentioning it and again, if you know anything about the company or if you are going to take a shot, feel free to share.....I'll post and let ya know what I do after I look at them hopefully over the weekend....preesh....
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