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Strategies & Market Trends : The Covered Calls for Dummies Thread -- Ignore unavailable to you. Want to Upgrade?

To: FaultLine who wrote (1720)	8/1/2001 11:42:02 AM
From: Dr. Id	Read Replies (1) \| Respond to of 5205

Have you thought about selling some NTAP puts? Interesting...how should I approach the strike decision process for the put contract? --k Well, the Aug 15's (NULTC) are selling for around 1.30. You could sell those, and if the stock is below 15 on expiration you're picking up NTAP at 13.70. If above, the added premium takes a little of the sting away of your covered call shares being called away. Or, you could put in an order to sell them for 1.50 or 1.70 and hope for a dip in the stock price later today. Just reverse your covered call mindset! dDI