Hello Maurice, I have had my lazy lunch of fresh bread, duck and orange pate, olives, wine, cheese, garlic salami under the shade in the in-laws garden; I am done with the gentle float in the warm ocean; and I am satisfied with my languid nap in machine tempered air environment.
Given all the bull-talk on just about all media channels, I am now energized to review this trade Message 18500597
(January 28th, 2003)
(a) 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
If you remember, the trade was updated here thus Message 18883524
(April 25th, 2003)
(c) Closed out this short QCOM July Call 37.5 position at o.55-0.60/shr
… and thus Message 18892762
(April 28th, 2003)
(a) Short sold QCOM October Covered Call Strike 35 @ 2.15-2.20
Today, the long QCOM is at USD 33.55/shr, the open short positions July Put Strike 35 is at USD 2.50/option, and the October Call Strike 35 is at USD 2.45/option.
Oh, yes, and I did receive an insignificant dividend in March.
Net net blankety net, I am wealthier by USD 2.1/shr.
I expect this gain will increase by USD 2-4/shr as the time decays under the options and the share is propped up by the Q-faithfuls such as yourself.
Chugs, Jay |
