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Strategies & Market Trends : The Covered Calls for Dummies Thread

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To: Boa Babe who wrote (2043)	8/15/2001 5:18:08 PM
From: Uncle Frank	of 5205

>> I sold QCOM Sept 70 CC's on August 2 at $4.30...bought 'em back today at $2.15. Was that an echo <gg>? >> Somebody figure out my APR while I go vacuum? I think the only valid return is against the cost of your stock, but I'd imagine you could base it on the price of qcom at the time you wrote the calls. That would have been in the range of 67, so your return would be 2.15/67 = 3.2%, which is, coincidentally, the same as mine <gg>. On the other hand, the price of the stock has dropped from 67 to 63.53 during the same period, so you're actually 67 - 63.53 - 2.15 = 1.32 per share poorer. But only for the moment if we're right about qcom. duf

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