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Technology Stocks : Qualcomm Incorporated (QCOM)
QCOM 175.25+0.6%Dec 19 9:30 AM EST

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To: Boplicity who wrote (69324)3/21/2000 10:56:00 PM
From: marginmike  Read Replies (1) of 152472
 
I have been tradding CC against my stock. Quite well at times, but would have done better to sit. I have also sold 260 April 122.5 puts. Its a great play, and virtually risk free way to generate income. I actually like the straight line trading, it makes selling puts easy. I do not plan to replace my full position but I will buy 1/2-2/3rds going into earnings. I will sell 200-300 puts each month to make $$$$. I also like buying the stock the monday before options expire and buying Calls. I lock in 3-5pts by going 3-5 $ ITM
and can pocket 60-100,000 for a few days risk. It worked great last week. I had my shares taken away at 133 and bought them back today at 128-130. I originally bought them at 128. A four dollar profit on 30,000 shares for two days aint a bad living. I really feel Q is in much better technichal shape, and The naz mania has slowed.
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