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Technology Stocks : Qualcomm Incorporated (QCOM)
QCOM 159.42-1.2%Jan 16 3:59 PM EST
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To: Jill who wrote (52153)12/1/1999 10:29:00 AM
From: waverider  Read Replies (1) of 152472
 
Good question.
First, I had no intention on holding them to expiration. Don't have the available cash to buy the stock at $330 anyway.
Also I sold them while there was still a hefty premium...$28 worth. My thoughts being unclear about this month, I wasn't willing to give that up. The stock would have to be at $397 at expiration for me to get the same return...and at the rate of premium erosion lately, it would probably have to be around $390 at the the end of December. Too much uncertainty there for me.
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