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Technology Stocks : Qualcomm Incorporated (QCOM)
QCOM 168.09+1.8%Nov 28 9:30 AM EST
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To: Voltaire who wrote (46719)10/31/1999 7:22:00 PM
From: Jim Willie CB  Read Replies (2) of 152472
 
Volt, I understand your covered call strategy exactly

but first, I am a theoretical BellCurve Mathematician... never bothered though by intractible math integrals... just pull out some numerical iteration for solution... my pet peeve is "integrating numbnuts and other socially intractibles into a mainstream"

you benefit nicely on sold calls if Q drops at earnings or after... you also hold your long position

you benefit partially on net position if Q rises... you benefit less if Q rockets, but you do benefit... you also hold your long position

the strategy removes you essentially from a great deal of the volatility... but if Q rises more than a little, the losses on the bought back covered calls results in an increase in your cost basis for long positions in a sense, and provides a tax loss

the big dogs eschew such a strategy because you dont run with the big dogs... you only skip along with risk removed for most part

your choice, it must work for you
I hear you still wear lots of gold chains, Italian shoes, Armani shirts, and nifty leisure suits on weekends

hey Kinkaid, quit slapping your dic- on the table
it is a matter of choice to neutralize risk to volatility
have you ever lost big on options at earnings announcmts?

case closed for me
/ J
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