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Strategies & Market Trends : Options

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To: Teflon who wrote (4478)3/9/2000 11:17:00 AM
From: Poet  Read Replies (1) of 8096
 
Yeah, Tef, Jill and I have been noticing the change over there as well. Six months ago it was practically sacriledge to discuss areas of support and resistance, much less options trading on gorillas. Now Frank's daytrading options and LB's out of QCOM because he sees momo elsewhere.

I'm quite content to write cc's on half my position in QCOM whenever it's near the top of the trading range, then buy back when it nears the bottom of the range. I find I can do this twice a month easily and pocket $10 to 15 k each time I do. I like the idea of earning incomeon QCOM while its quiet, just waiting for it to start moving again in the future.
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