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Strategies & Market Trends : Tech Stock Options
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To: Joseph Francis Torti who wrote (37710)3/30/1998 8:43:00 AM
From: Patrick Slevin  Read Replies (1) of 58727
 
If you write calls you don't have to buy them back; unless they are naked. These are not naked.

If the stock does not get called away because it did not get over $30 then you keep the stock and the $500. Unless some nut case calls the stock on you even if it was to be below $30. This has happened, but it is VERY rare.

Your risk, then, is that the stock goes even lower. If you are satisfied it shall not....and you do not care if it goes to a hundred (as you say) then the scenario you have described is correct.
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