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Strategies & Market Trends : The Covered Calls for Dummies Thread
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To: Andrew N. Cothran who wrote (3849)7/19/2002 4:23:26 PM
From: Uncle Frank  Read Replies (2) of 5205
 
Max-Pain is just a theory, but today's action on qcom proved it for me. Q rode above the 30 strike price all day, but Fidelity shows the market makers took that sucker down to 29.99 at the close.

The July30s we wrote on 5/15 for 4.50, 4.60, and 4.80 (Nancy's, of course) make for a nice return over a 60 day period.

Nice to have done something right for a change.
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