Post deleted by Mat Sklansky
 

Re: Sirius and Ipod
 

I sold calls against the 600 shares I still own in my regular account. I sold Mar 7 1/2 calls @ 1.25. This does a couple of things for me:
I collect $675 net of commissions that now puts me on a total freeroll with the shares.
If the stock rises I will still make a nice profit relinquishing the shares for 750+125=8.75 p/s...
If the stock trades sideways within a range as Im expecting Ill keep the shares and the $675

If it drops Im am price protected down to $6 from when I sold the calls.
If it drops down lower Id Id have been better off just selling the stock

Also assuming the stock is not called awa from me this helps me hole the stock so Ill be able to have a long term gain as opposed to s/t