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Non-Tech : The Critical Investing Workshop

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To: RocketMan who wrote (3629)	2/13/2000 3:07:00 PM
From: Jill	Read Replies (1) of 35685

You a newbie wid ya Cree rocketfuel, Rocketman????? I've never been called or put, but I imagine if you don't do it it is done to or for you! A march 135 seems incredibly risky to me. You get 10 bucks because you are selling insurance to somebody else that if QCOM goes above 135, the strike you chose, somebody gets to buy your stock for 135. Not 132 and not 142. Seeing as QCOM has been trading up to 140 and then back down again, you are almost guaranteed to get called if you choose a 135--and that doesn't seem worth it. I wouldn't even sell 150s but that's me. I like Dave's strike of 170 or 175. April 180s offer reasonable premium even now. Anyway you always pay when you earn $ from sales--options or stock.

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