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Strategies & Market Trends : The Covered Calls for Dummies Thread

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To: FaultLine who started this subject	9/10/2001 10:33:23 AM
From: Mike Buckley	Read Replies (4) of 5205

I'm now completely uncovered. Qualcomm Oct $70 calls that I wrote for $2.90 on August 22 were bought back today for $.55. Given CSFB's upgrade from hold to buy today and the news that Qualcomm and Verizon will hold a joint press conference tomorrow, I decided to lock in profit. I had already achieved 80% of the maximum profit in one-third the available time. --Mike Buckley

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