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Strategies & Market Trends : The Covered Calls for Dummies Thread

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To: Mike Buckley who wrote (2401)9/10/2001 5:02:33 PM
From: rydad  Read Replies (1) of 5205
 
So I see some people are buying back their calls. What is the philosophy behind buying back and then selling (rolling out) the call again? Do you buy back and then sell right away, or do you wait and hope the price of the stock goes up again before selling another call?

For example: if I sold the QCOM Oct 70 for $3.40, and now I see they closed at .65, if I buy back the call, do I sell another call for like Jan 70 at $2.75, or wait for the stock to come up a little?

How come they don't sell QCOM Nov options or Dec? They don't show up on my options web site .
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