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Strategies & Market Trends : The Covered Calls for Dummies Thread
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To: Dr. Id who wrote (1298)7/3/2001 5:28:47 PM
From: Pat W.   of 5205
 
Actually, I sold July 50's. I did a buy-write on 6/21, paid 48.18 for the stock and got 3.80 for the CC. It may seem like a dumb$#!+ thing to do, but I did it with money earmarked for buy-writes, fully expecting to get called, and the returns are what I wanted.

Have a happy and safe fourth.

pat

P.S. QCOM is my largest holding by far, and I have plenty enough left that I still can rejoice after today's move.
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