Qualcomm Incorporated (QCOM) Message Board

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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 167.10

+1.2%

3:25 PM EST

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To: Jeffry K. Smith who wrote (52089)	11/30/1999 7:59:00 PM
From: Jill	Read Replies (1) of 152472

Jeff, I don't think he necessarily expects 500 in a few weeks. From what I understand (and thanx to being educated by a PM just now from somebody else who understands this play), if you can buy 100 or 200 of these options, and don't mind losing the cash, the option only has to move up a point or two or three to make a huge amount of $. Right now they are less than $1. Q doesn't have to reach 500 to make some nice profit. I believe over on MSFT thread t2 used to play these kind of short term way out of the money options on MSFT once he'd closely studied the trading range and patterns each month and season. For a while there MSFT was extremely predictable. And I remember one Thursday a few months ago when both Teflon and T2 played some MSFT options the day before expiry and both made about 300%.

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