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Strategies & Market Trends : The Covered Calls for Dummies Thread
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To: FaultLine who started this subject10/10/2001 11:03:37 AM
From: rydad  Read Replies (1) of 5205
 
A while back I sold some QCOM OCT 70 calls. Now the calls are only worth .15. I was thinking of buying them back and selling the Nov 50. But I was wondering, since the options expire next week and the chance of QCOM hitting 70 is practically nil, could I sell the NOV 50 calls anyways without having the actual QCOM shares to cover?

Is that what they call selling naked calls?

Thanks.
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