Calls and Puts for Income Message Board

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Strategies & Market Trends : Calls and Puts for Income

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To: Bridge Player who wrote (200)	4/15/2007 7:44:34 PM
From: im a survivor	Read Replies (1) of 5891

Great post. I personaly think if I can get $2 or more for the May $10's, it is possibly worth the risk. If it does drop, once again, my adjusted cost basis would be $8 and although stock could go far lower, the company still looks pretty decent.....meaning, I would be happy to get that $2 and if assigned at $10, adusted to $8, I would feel comfortable holding the company at that price. Of course the preferance is for it to stay above $10 and let them expire and pocket the premium, but in looking at dndn, I wont be too upset if I end up owning it at $8..... Whatcha think?

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