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Strategies & Market Trends : The Covered Calls for Dummies Thread

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From: Jerome	3/8/2007 11:34:07 AM
	of 5205

Entered a QCOM position today and covered at the April 421/2 strike for .95 Also bought some GM at 31.35 and covered at the April 32.1/2 @ 1.45. For those concerned about GM...read the latest news on Delphi Delphi is about emerge from bankruptcy . From Delphi press release >>The proposed stock offering would also give General Motors $2.63 billion in cash and 5% share of the new company in exchange for the automaker's financial contribution to the restructuring. << GM will look a lot better when they release earnings, than most analysts have suggested. Also the recent chart of GM is very similar to that of QCOM. FWIW....Jerome

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