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To: Lhn5 who wrote (7746)4/12/2001 9:43:07 AM
From: Uncle Frank  Respond to of 10934
 
It's just a difference in definitions, Larry. "Premium", as I use it, is the amount you get for selling the covered call. It includes both intrinsic value and time premium.

I'm holding off this morning because of the low open. Ntap is holding up better than I had expected so far, but the premium on the 12.5s is less than I had computed. I'm considering switching to the 15 strike price.

uf