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Strategies & Market Trends : The Covered Calls for Dummies Thread

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To: rydad who wrote (2179)	8/22/2001 11:23:26 AM
From: PoetTrader	Read Replies (2) of 5205

Rydad...I had put in a gtc order on qcom sept55's for 1.80 and it filled this am. So that's a done deal. I was going to take the order out and wait and see where the market goes, but those gtc cancel orders get you if you're not careful. Hopefully I will be pleased. I also sold puts on GE yesterday. Your amat scenario is interesting. It's one of the stocks I own that I'm holding onto. I have no idea how much qcom you already own, but maybe you could mitigate this play in two ways. Buy 3 of the amats to build more contracts and let the qcom go for now and just write cc's on it. That way you're not out 18000. if you get assigned -- you're only out 12000. just a thought. Good luck. PoetTrader

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