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Non-Tech : The New Iomega '2000' Discussion Group -- Ignore unavailable to you. Want to Upgrade?


To: grasshopper who wrote (1571)7/9/1999 3:57:00 PM
From: John Solder  Read Replies (2) | Respond to of 5023
 
so if IOM does nothing, i still make cash . .

But if it goes up you don't make anything.
Usually covered calls are sold as a hedge against falling stock price.
IOM being so low I don't see much downside risk.



To: grasshopper who wrote (1571)7/9/1999 4:54:00 PM
From: David S.  Read Replies (2) | Respond to of 5023
 
Grapehopper, You can call me Jim, or you can call me Frank, or you can call me Rocky (oh no! not that!), or you can call me Bill.

But if you are my friend, (and anyone that can hop a grape must be my friend), please, please, please don't call me Dave.

Regards, David S.
INTC DELL HD WCOM LU IOM ANSC QQQ SDLI AOL DCLK SBUX KO

PS, I don't like your covered call strategy for IOM, unless you did it on part of your position. To give away all the upside potential after waiting so long could be a regret. Is there that much premium?