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Strategies & Market Trends : The Covered Calls for Dummies Thread
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To: TShirtPrinter who wrote (744)5/22/2001 6:32:18 PM
From: cfoe  Read Replies (1) of 5205
 
Now I'm going to sit tight and see if we can't get another bounce.

Confessions on a HTD.

I have been struggling with what to do re: QCOM June CCs and even PM'd DUF to float an idea by him. Also floated it by my broker (whose thoughts matched DUF's).

In the end I see that I have been bitten by two bugs:
One - I like the action (excitement) of doing something
Two - I like to make money (I think it's called greed)

So after due deliberation, I decided to sit tight right now as well. After making this decision, I had the thought that taking the low premiums looks like chasing the options buyers. I think its better to let the buyers come to us.
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