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To: kas1 who wrote (4759)10/20/2000 1:25:00 AM
From: Uncle Frank  Read Replies (2) | Respond to of 10934
 
>> I ended up buying back my calls (at a hefty loss) in order to avoid getting my stock called.

I'll wager the increase in the value of the stock is significantly larger than the difference between the sale and re-purchase price of the covered calls. Also, the loss on that transaction is tax deductible.

You didn't lose a thing. You can't lose a thing. That's the beauty of the covered call strategy.

uf



To: kas1 who wrote (4759)10/20/2000 3:58:23 PM
From: bobkansas  Read Replies (1) | Respond to of 10934
 
Notice that the call itself made you money. It was chasing the stock that lost you money. That is why I almost never try to buy the call back to keep a stock.

BTW, NTAP is doing great :) <vbg>


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