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Technology Stocks : Qualcomm Incorporated (QCOM)
QCOM 176.67+1.6%Nov 12 3:59 PM EST

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To: Voltaire who wrote (61866)1/12/2000 6:13:00 PM
From: djia101362  Read Replies (1) of 152472
 
V, I know you've mentioned selling DIM calls after this run you are expecting. What if the correction you are looking for never materializes or happens to a much lesser extent?

DIM calls if covering stock will surely get called away under this scenario. Assuming Q gets to about $170-$190 after earnings, would it be prudent to sell S/T OOM calls at say around $220-$250? The premiums for these calls are still quite high due to Q's volatile nature and the chance of having your stock called away lessens.

The last thing I'd want to end up doing would be to have to chase down DIM calls sold at about $180 if Q decides to make a run for $250.
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