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Strategies & Market Trends : Options
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To: Poet who wrote (1852)1/28/2000 11:55:00 AM
From: Jill  Read Replies (1) of 8096
 
Hi--it's noon and I did a few trades. I bought back my covered calls on QCOM for 1 buck. I sold them yesterday for 4. Why did I do this? Probably because I do it with puts, and I'd like to see if on any dead cat bounce next week I can sell the covered calls again. Guess it's an experiment. Usually I do it with puts to free up margin collateral and that's not the case here.

I also put in a limit for Feb 160s on JDSU, puts to open. We'll see if I get them. ONly did a couple because if worst came to worst and Fed hiked .50 (I tend to think they won't) we'd be in deep schitt.
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