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Strategies & Market Trends : The Covered Calls for Dummies Thread

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To: Uncle Frank who wrote (2028)	8/15/2001 4:19:36 PM
From: Uncle Frank	Read Replies (4) of 5205

With 2 minutes to the market close, it looked like my limit order wouldn't be high enough to allow me to close my qcom cc position, but someone accepted my offer of 2.15 right at (or maybe just after?) the bell! The details: wrote aaoin (qcom sept70) on 8/2 for 4.30 closed on 8/15 for 2.15 net: 2.15/sh. in less than 2 weeks. Aunt Nancy did even better, of course <gg>. wrote aaoin on 8/7 for 4.70 closed on 8/15 for 2.15 net: 2.55 in 1 week. I'll never hear the end of it :-(. duf note: due to the number of contracts involved, commissions per share were negligable.

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