Qualcomm Incorporated (QCOM) Message Board

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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 175.95

+1.1%

12:31 PM EST

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To: T L Comiskey who wrote (45896)	10/23/1999 1:07:00 PM
From: Kayaker	Read Replies (2) of 152472

Re writing covered calls.....I assume ....the Nov's....and just out of the money..correct Tim, depends on your what you're comfortable with as an outcome. You'll get more money for just out-of-the-money calls (eg $13 for Nov 220s vs $4-1/4 for Nov 250s) but are much more likely to lose your shares. In my case I would be writing calls against my core position of Q shares. So, I don't particularly want to give them up (and pay the taxes). But if I did it, I would sell the Nov 250 calls for 4-1/4 and hope Q is under 250 at expiration. Or I might sell the Dec 250s for 8-7/8 or the Jan 250s for 13-1/4 and hope to buy them back cheaper on a dip. I'm unlikely to any of the above. Last time I did, Q took off and I ended up buying back the calls for more than I sold them for. For me, the few dollars I would have made wasn't worth the anxiety of it all.

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