Qualcomm Incorporated (QCOM) Message Board

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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 166.05

+0.6%

3:59 PM EST

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To: Morgan Drake who wrote (32400)	6/16/1999 1:24:00 AM
From: Uncle Frank	Read Replies (1) of 152472

>>I would first have to come up with the cash to buy back the previously sold options before I would be permitted to sell new calls on my existing stock holdings. Morgan, if you are dealing with more than 5 contracts, Fidelity will perform a roll out transaction, where they buy back the covered call and resell the new series at the same time. The only money you have to come up with is the differential between your sale price for the new cc and the price you paid to re-buy your old cc. Frank

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