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Strategies & Market Trends : Options
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To: PAL who wrote (268)12/28/1999 6:54:00 PM
From: Poet  Read Replies (2) of 8096
 
Gosh, that was just perfect timing, PAL. I'm really hoping to learn more about put selling from you and edamo. Congrats.

I watched QCOM closely all day ("Oh, something new?",Jill asks) and bought 5 calls when QCOM was trading at 475 in the breathless 35 point drop in the last half hour. Before anyone thinks I'm brilliant, I want to admit that I was reducing my cost basis on what was supposed to have been an options daytrade on QCOM. At least I'm being honest. :)
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