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Non-Tech : The Critical Investing Workshop

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To: Voltaire who wrote (3618)2/13/2000 1:49:00 PM
From: uel_Dave  Read Replies (2) of 35685
 
Thanks Tom, You are right I should be covered, but I am new to options, although all my accounts are set up. My wife has 100% QCOM in one of her tax sheltered accounts and 96% in the other. She will appreciate this feedback, since she does not work. OK, I will cover 1/2 the shares and let the others ride. I will first do it with the tax sheltered accounts and then the taxed accounts. However, I will try to get April 175s and then if they expire move to July 200 or July 250. But if I have too much OTM, then the income will be less, correct? I will have to determine which is better ITM or OTM and what price I would take to be called.

David
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