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Strategies & Market Trends : The Covered Calls for Dummies Thread
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To: cfoe who wrote (4041)12/15/2002 12:23:21 PM
From: JGoren  Read Replies (1) of 5205
 
update on the nov calls. took a cash loss of about 60 cents per share and rolled to dec. 37.50's. keeping my fingers crossed that qcom continues to decline this week, so i can exit and keep my losses relatively low. gonna have to watch carefully this week. i don't want to be in situation that took place last month when i could have exited on Monday at a relatively small loss and got killed with the 4-5 pt bounce the rest of the week. if qcom declines below 37.50 and i can get out for less than a buck, it will be real question whether to hold and see if they expire worthless.
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