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Strategies & Market Trends : Options

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To: RocketMan who wrote (1690)1/25/2000 7:41:00 PM
From: Jill  Read Replies (1) of 8096
 
I did that--that's what I don't get. The puts for instance were selling for 10 3/8, 10 1/2, 10 1/4 etc etc, so I put 10 1/4. They were bouncing around. And I still didn't get the fill. So I must've put the order in just before JDSU permanently bounced for the day. That, along with QCOM, is a drag to come home to in the snowstorm no less.

So I've been looking at covered calls just now. They'll be quite safe, I sadly suspect. QCOM will go down to 130s maybe 120s. So I'm going to sell all my April calls, esp if we're above 140 at any point in the a.m. (they're still profitable just not what they once were, sigh) and then maybe sell Feb 160 covered calls. or 170. I DON'T want to get called away at this point, but I do want to try to make some $ off what will be sideways trading until there is some big news or next quarter.
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