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Strategies & Market Trends : The Covered Calls for Dummies Thread
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To: TShirtPrinter who wrote (591)5/16/2001 2:58:28 PM
From: cfoe  Read Replies (2) of 5205
 
Yes, I do. Just sold QCOM May $65s at $1.25. Here's my thinking (I agree with surfbaron).

Premium is very nice for two+ days work.
Stock is in my SEP so no tax implications if I am called.
First Union, a big QCOM booster, just sets $66 target - my price if called is 25 cents over the target.
Even if called, I would expect stock price to fall back below $65 sometime soon.
If more great news comes out, I can always roll them out.

Anyway, I just did it and will see if I am being too "greedy."
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