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Strategies & Market Trends : The Covered Calls for Dummies Thread

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To: surfbaron who wrote (672)5/19/2001 2:25:26 PM
From: TShirtPrinter  Read Replies (1) of 5205
 
Greetings SB,

I started to comment on what was really low volume on QCOM also on Friday. Without looking, volume seemed to be around 6 or 8 million shares of stock and my notes in the last hour show something like over 9500 contracts on May65's. At 3:20(approx) stock was slightly below 65 and B/A was .20/.35.Volume was 6565 contracts traded. The MM's really held the price @.20 and .25 from 7786 contracts to 9507. That was about 10 minutes before close and I gave in. <g>

Now the question is what price do we start looking for on Junes and what strike. I think I'll sell some CC's on QCOM in the 75 to 85 strike on a bounce, but will defer until cfoe gives me the go ahead<g>.

Thanks,

Tony
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