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Strategies & Market Trends : Options

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To: uel_Dave who wrote (4524)3/9/2000 9:00:00 PM
From: Jill  Read Replies (1) of 8096
 
Hi Dave. I closed out various call positions today as I said I would...altho held onto NT, NTAP, SEBL, and ICGE. In prep for considering ELON altho it has already run a bit and I have to watch the trading range.

If I were to write CC on QCOM I'd wait again until it hit the 140s. It seems to be a daytraders dream right now with a very consistent range of mid 120s to mid 140s. That's because in spite of Voltaire's posts I don't want to use my QCOM for this monthly income, I want to buy something else and sell cc on it.

Right now is a GOOD time to sell puts of course. I'd sell 110 as we're way too close to 125 and even tho that is strong support, always look to protect yourself from a serious market downdraft. What are the premiums?
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