SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Booms, Busts, and Recoveries
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: pezz who wrote (27858)1/28/2003 10:16:05 AM
From: TobagoJack  Read Replies (4) of 74559
 
Hello Pezz, This Morning’s Report:

In order to rip some ribs from the Mq bulls, to hedge my egotistical greed per your admonition, and to heed DAK’s advice on QCOM, I did the unforgivable:

(a) I purchased a whole lot of QCOM shares at 36.90/shr
(b) Shorted equivalent number of QCOM July Call 37.5 at 4.80/shr
(c) Shorted a lot of QCOM July Put 35 at 4.00/shr

Maurice, you probably know this but just in case:

If QCOM stays within the band topped by 37.5/shr and bottomed by 35/shr in third week of July, I will have acquired my QCOM shares at effectively 28.10/shr;

If QCOM rises above 37.5/shr in third week of July, I will have to sell my QCOM shares at 37.5/shr, keep the premium of 8.80/shr, netting a 25% return (50% annualized); and

If QCOM drops below 35/shr in third week of July, I have to buy another lot at 35/shr, and would still be breaking even at approximately 32/shr.

I will probably have a chance to close either and/or both call/put option trade before expiration.

Chugs, Jay
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News