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Strategies & Market Trends : The Covered Calls for Dummies Thread
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To: alanrs who wrote (4795)3/8/2007 6:56:49 PM
From: Road Walker   of 5205
 
You could get $8.50 a share for the Jan '09 40's. Lots of ups and downs in 22 months. Put in a buy to close at, say, $4 and forget about it. If QCOM goes up a lot you probably won't mind getting called away on part of your shares. If it stays flat or goes down you pocket the premium.
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