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Technology Stocks : Qualcomm Incorporated (QCOM)
QCOM 163.32+2.3%Nov 21 9:30 AM EST

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To: Jill who wrote (61324)1/10/2000 8:08:00 PM
From: codawg  Read Replies (1) of 152472
 
Jill,

I'm in the same boat with some DIM Jan options. I'm not too concerned with YHOO, INTC, or PPI. I'm a little more concerned about CPI. Like your position, mine is so DIM that there's no premium so the only risk I take is in the movement of the stock. Just my opinion, but I think the odds for upward movement is much better than downwards right now.

My plan is to sell a quarter at around 175, and a quarter around 185 if we get there this week. Also at around 185 I'll open a spread with the remaining half (probably sell 195s) to take some of the risk out and still retain some of the upside potential.
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