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

To: FaultLine who wrote (1989)	8/14/2001 1:07:46 PM
From: LindyBill	Read Replies (4) \| Respond to of 5205

Schwab's new , free, fancy-pants NASDAQ Level II software for active traders last night. Since I am with Schwab, I guess I will D/L it also. Don't know if I will use it, but can't resist trying it. I just covered all of my CC's I bought Aug 2nd except for Qualcomm. I will let it run a bit. I also think it will drop by Friday.The calls I covered had dropped at least 50% since I bought them, so my first experience at this was a good one. I will sell again when we get an upturn.

To: FaultLine who wrote (1989)	8/14/2001 2:48:47 PM
From: FaultLine	Respond to of 5205

Closed out NTAP AUG10 The bid/ask was 3.60/3.90 when last I wrote so I put in an order at 3.20. NTAP kept slowly sinking (now at 13.01) and my order filled for a 2.00 loss on this turn. I was down 6.00 a share last week so I can live with it. --dfl@backtothedrawingboard.com