SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : The Covered Calls for Dummies Thread
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Uncle Frank who wrote (2958)11/7/2001 4:01:19 PM
From: Andrew N. Cothran  Read Replies (1) of 5205
 
That all depends, Uncle Frank. I don't hesitate to take profits when I can. I usually apply the Lindy Bill law: if I sell at $4 and can cover at $2 I do so. Then I look to sell again if the price and time is right.

PS: This morning, after I was early out of the gate with my DEC 55's, I then sold the NOV 55's at 2.70 on the spike to try to make up the difference.

So far, so good. But I will watch things closely between now and Nov 16.

I believe that the 55 strikes are reasonably safe for a few weeks. Can't see too much upside potential for QCOM between now and Christmas. But I had no idea that QCOM would almost see 57 today either!!
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News