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Strategies & Market Trends : The Covered Calls for Dummies Thread
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To: PoetTrader who wrote (2382)9/8/2001 7:04:17 PM
From: BDR  Read Replies (1) of 5205
 
PT-

Thanks for the compliment but I haven't closed out the QCOM calls just yet. I thought if it continued to drift down I would get 90% of my premium after 25% of the time had expired but that hasn't happened yet. I may get those prices in the next week unless QCOM starts to show more strength. I am debating whether it would be better to pay the higher ask now and roll down to the Sept. or Oct. 55s. The 50s may be to close for comfort since I have no idea whether we are at a bottom or not.

CIEN- I have looked at writing lower calls, too. I don't see that there will be a lot of good news to turn that one around for a while. Same for SEBL. I think it will drift around the current price unless the market as a whole turns up.
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