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Strategies & Market Trends : The Covered Calls for Dummies Thread

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To: FaultLine who wrote (1967)	8/13/2001 3:34:28 PM
From: Andrew N. Cothran	Read Replies (1) of 5205

QCOM: Interesting action this past hour. August 65 options went to 2.70 as stock rose to 66.85. Lots of volume as the August 65's were being sold by those who hold the stock or sense a shorting opportunity. Once the flurry passed, the stock came back down as did the option. Last bid now at 2.25. If I had not sold earlier at 2.00, you can bet your boots that I would have been a seller at 2.70. Got to learn to be patient.

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