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Strategies & Market Trends : The Covered Calls for Dummies Thread

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To: Victoria Walley who wrote (3475)	3/6/2002 10:47:14 AM
From: JohnM	Read Replies (4) of 5205

On a less elevated note, I just made $.10 on Qcom calls. Yep, that's right. $.10. Not $.10 a contract but just plain and simple $.10. I bought, as I posted sometime back, Qcom March 35s at $4.80 on the first Enron related dip when the stock was below 35; watched it climb back into the low 40s and the price of the call go up to around $7.50; got greedy and refused to sell it back; watched Qcom price sink into the low 30s and the price of the call go way down. So, this morning, when it got back to the $4.80 to $5 range and began waffling, I sold at $4.90. After commissions, etc. it produced $.10. Now, of course, the stock will go to $45 and you have me to thank for it. But, as they say, a learning experience. John

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