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Strategies & Market Trends : The Covered Calls for Dummies Thread

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To: Dan Duchardt who wrote (2003)	8/15/2001 11:21:35 AM
From: Andrew N. Cothran	Read Replies (3) of 5205

Don't count your chickens before they hatch or Knock on wood, but It appears that lightning may strike twice in the same place. Last July's 65's have become August's 65's. Look at today's action in QCOM and in the August 65 call option. I reported on earlier posts my covered short position and the whys and wherefores of my decision to short. While I am not yet on my way to the bank (with 2 1/2 days to go), today it looks as if "the big boys" are determined to close QCOM on Friday at 65 or below so that all those thousands of 65 call options will die a worthless death. I'll keep you posted.

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