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Strategies & Market Trends : The Covered Calls for Dummies Thread

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To: PoetTrader who wrote (2181)8/22/2001 11:31:10 AM
From: rydad  Read Replies (1) of 5205
 
Poet,

I sold 2 AMAT Jan 40 puts @ 4.9 and two QCOM Jan 50 puts at 4.8. So now I'll sit back and monitor it. If their stock prices rise significantly, I'll buy them back. If I get assigned, I'll write calls, depending on what price I get assigned at.

My main risk is if the market tanks big before Jan exp.

Nothing really new or exciting.

I'm hoping the market rallies soon so I can sell calls on other stocks in my portfolio.
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