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Strategies & Market Trends : The Covered Calls for Dummies Thread

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To: Uncle Frank who wrote (1834)8/8/2001 3:52:06 PM
From: FaultLine  Read Replies (1) of 5205
 
Covered a few on the bad news from CSCO today:

QCOM is down 2.80 to 64.80 today
QCOM SEP 70
SOL 08/02 4.50
BOT 08/08 2.90
Gain=1.60

SEBL is down 3.70 to 30.80 (down from 37.00 just three days ago!)
SEBL AUG 32.50
SOL 07/23 2.90
BOT 08/08 1.10
Gain=1.80
SEBL ran up just after I sold these in July and I thought I was sunk but it worked out OK. I'm going to wait for another run-up and sell again, probably SEP's at a higher strike

CSCO has been in a steady decline since last Thursday when it was at 20.00, now at 17.95
CSCO AUG 20
Sold at 0.60, now bidding at 0.15.
I have an order in to buy to close at 0.10 but I do not think it will fill today which is fine because this one is in the bag.

NTAP AUG 10 are looking better at 13.65 after the run-up to 16 last week. Will probably take a loss on this one in a few days.
SOLD 07/26 1.20 ATM
Current bid 3.70 ask 3.90
(wow, only about 5-10 cents time premium left on this)

Be careful out there...
-dfl
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