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Strategies & Market Trends : The Covered Calls for Dummies Thread

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To: Uncle Frank who wrote (360)5/1/2001 9:23:17 AM
From: JGoren   of 5205
 
still looking for opportunity to exit qcom july 80's. about lowest they were was 2.40. i looked at selling CC on other stocks but the premiums yesterday morn were so slim I decided not to (except TXN), particularly because I am concerned that Fed rate cut on May 15 could cause a temporary short squeeze (as occurred in April) in the last few days before expiration. because i am not as nimble as some of you, i have just decided to wait, unless a darn good opportunity arises. btw, i used one of the calcualators on the mcmillan site and if i input correctly, it said there is 85% chance that the july 80's would expire worthless. has anyone used that calculator?
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