Options Message Board - Msg: 12858639

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Strategies & Market Trends : Options

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To: Poet who wrote (2868)	2/13/2000 3:37:00 PM
From: uel_Dave	Read Replies (1) of 8096

OK, Poet, I have looked up the option quotes on CBOE and got the strike prices and symbols for QCOM calls in March: $160 - AUACL $165 - AUACM $170 - AUACN $175 - AUACO It looks like if QCOM goes to $140 next week, and I take the $165 CC, then I receive $4 ( estimate )and even if I get them taking off me, most are in tax sheltered accounts. I just spoke to my brokerage firm and they said that the USD premium from cover calls have to be converted into CDN in my RRSP. I think I will check with Kayaker, he set up a US Money Market Account inside his CDN RRSP. ( I hate to go from USD to CDN to USD and pay currency exchange rates) Or I just use the premium to buy JDU / JDSU calls for May. We will see, I just want to write all of this down, since 80% of the market is emotion and we forget about executing our plan Thanks, David

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