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Strategies & Market Trends : Option Strategies

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To: CusterInvestor who wrote (2072)	5/24/2019 4:42:30 PM
From: robert b furman	of 2591

Hi custer, I think you're pretty good! Yes and in my example I forget to mention 10 contracts. Actually when I went to place the stink bid order, I placed 5 at 47 and 5 at 50. Hoping the 47 would help me pay for the 50's if they got assigned. Thanks for pointing out what I left out and therefor made my plan not make sense. Sorry for the confusion. QCOMS 200 EMA is now at 63.77 - falling quite fast Blowing out the 2 std deviation bollinger bands where the average true range Keltner is showing not quite as steep a decline. 5 year low is $48.56. At this point the revenue capability is uncertain if the recent decision holds. There is a possibility that analysts downgrade QCO and then that numer just might be reached. Brokerage houses like to kick crippled stocks and buy them up cheap. If the $49.65 was reached, the $50.00 strike January put projects out to $4.25 and the $47.00 strike put projects out to $3.15. There's a lot of air below it I think it is prudent to wait for the BB and the keltner to stop pointing down and Macd flat lines on the lowest line as its average becomes close to crossing over. There's some time to watch yet I think. Amazing how much wealth destruction law suits in Qcom have. It makes for a great stock to watch. One thing for sure they have great stability in earnings - just at what rate. Somewhere there is a great time to buy this for a dividend growth stock. It really comes down to the dividend yield that you are comfortable with. Today's trading, places the dividend yield at 5.15% - I like that,but want to wait before I try to catch that knife. Could be a lot more money on the table. This year I got a lot of T with over twelve month puts that got me into a yield of over 7% (Net purchase price juust below 28.00). That's where I really like to place my money. That doubles your money in 9.7 years! Thanks again. Bob

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