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Strategies & Market Trends : The Covered Calls for Dummies Thread

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To: FaultLine who wrote (3259)	1/15/2002 7:07:10 PM
From: BDR	Read Replies (2) of 5205

<<Popular candidates for discussion are NTAP and QCOM for example.>> So, dFL, whither (or is it wither) QCOM? I got called out of QCOM at 50 two months ago and I see I can now buy it back for $46 and change. Good time to reenter here at 8 bucks above its low for the last several years? Buy/write: Buy QCOM @46.55, sell Apr 45 Call for 6.60 12.5% return in 94 days if called. Breakeven $40. LEAPS spread (CC with LEAPS substitution for the equity): Buy Jan '04 35 LEAPS Call for 22.60, sell Feb 50 Call for $1.70 7.5% in 31 days with some chance for capital appreciation. I haven't done anything but am just looking at possibilities.

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