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Technology Stocks : Qualcomm Incorporated (QCOM)
QCOM 170.82+1.6%3:50 PM EST
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To: MileHigh who wrote (49837)11/14/1999 10:23:00 AM
From: jmac  Read Replies (1) of 152472
 
If the stock price falls, then your Nov. short calls expire worthless, your Dec calls don't decline 1:1 and you can sell Dec out of the money calls in addition. Given this thread's opinion and mine that the Q will rise above where it is now for the split, spreads are a good way to go.
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