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Strategies & Market Trends : The Covered Calls for Dummies Thread

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To: Uncle Frank who wrote (3063)11/19/2001 7:58:01 PM
From: Kayaker  Read Replies (1) of 5205
 
There are times when I hate covered calls.
Like right now :-(


I'm glad I bailed out of my QCOM CCs last week, even though they were Dec 60s, Dec 65s, and Jan 65s. First time I've written CCs against my entire QCOM position. Great timing; sure sign we're on the way up. I'm tempted to short higher strikes at these levels but wonder about imminent CDMA deals with Siemens and Alcatel. They can't wait much longer. Hmmmm, maybe the Apr 100s for 60¢. On the other hand, a close > 69 nets me an ounce of gold from Chojiro. <g>
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