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Strategies & Market Trends : The Covered Calls for Dummies Thread

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To: Bridge Player who wrote (4456)	9/28/2006 9:30:03 PM
From: Dr. Id	Read Replies (1) of 5205

I wrote some QCOM naked puts... Jan 40's for $4.60. So, if it's below 40 I pick up QCOM at $35.40. Since it usually does well in the Fall, I think the chances of it being above 40 are pretty good. If it stays in the high 30's, as time erodes the price of the Put will fall and I may buy it back in the two's. Or, I may let the stock be put to me at 40 (or 35.40). Lot's of possible plays... I'm also looking to sell some QCOM covered calls if the stock starts to move up.

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