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Strategies & Market Trends : The Covered Calls for Dummies Thread

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To: Road Walker who wrote (4487)10/6/2006 4:52:06 PM
From: Uncle Frank  Read Replies (1) of 5205
 
Hi, John! Bottom line, I wouldn't have a problem adding to my qcom position at a net price of 33.80. But it looks like that may not happen. In the short time since I shorted the put, the price of the underlying has climbed by a buck, and the value of the option has dropped by almost 50%.

This is my first attempt at writing puts, and if it works out in October, I'm going to use the vehicle on a larger scale in November through the January time frame, when MoMo is usually at its highest.

duf
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