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Strategies & Market Trends : The Covered Calls for Dummies Thread

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To: FaultLine who wrote (3555)	3/22/2002 1:46:14 PM
From: Uncle Frank	Read Replies (1) of 5205

>> So the QCOM APR 45 contract I sold on Monday for 2.10 dropped all the way down to 0.55 this morning while I wasn't watching... The market took off, my order didn't fill, and the darn things closed at 1.10 today. Worry wart. You'll get no sympathy here. The April45s are in a trading range of between .70 to 1.10, qcom isn't running away, and at the moment you could close the position and net 1.30/sh. for a week's rent. I wish all our plays would work out so well. duf

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