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Strategies & Market Trends : The Covered Calls for Dummies Thread
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To: Uncle Frank who wrote (4360)3/29/2006 5:39:01 PM
From: alanrs  Read Replies (2) of 5205
 
Hello Uncle Frank;

I was looking at the QCOM options chains today and converted some premiums to $'s/day, and was surprised at the result. Since I never sell more than about 6 weeks out any more, I don't often do this calculation.

For the 55, 57.50, and 60 strikes the premium gets a lot better as you go out in time, not the normal state of affairs as I recall. It looks like the July 55 (at $1.40/day) and Oct 57.50 (at $1.00 /day) even have some decent volume. Just thought I'd pass that on. Someone thinks this move has legs, and is willing to plunk down some money. I think that's what it implies, but it's always hard to draw too many conclusions from options.

Any opinions? Anybody? Where's Andrew Cothran when I need him. He always seemed to have a knack for reading the options tea leaves.

ARS
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