Qualcomm Incorporated (QCOM) Message Board

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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: waverider who wrote (52550)	12/5/1999 12:09:00 AM
From: Ibexx	Read Replies (3) of 152472

Because of VIX considerations, as in the case of Q, I bought deep-in-the money calls or LEAPS which entail a relatively smaller time premium. This way I would also dare to place bigger bets, and the leverage in DITM calls is still quite good - about 3x - the way I played it. Currently own: AAWAT (Jan100c, bought at $67 in September when analyst at E.G. Edwards falsely predicted Q's earnings shortfall; currently worth $285) AAWAL (Jan160c, bought at $42 on October 16 when market sold off seasonably; currently worth 225) ZQIAT (Jan01 300c, bought at $110 about three weeks ago when Q* retraced to $329; currently worth $149). Hope the above is of some use. Ibexx

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