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Strategies & Market Trends : The Covered Calls for Dummies Thread

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To: Uncle Frank who wrote (4938)8/2/2007 1:27:37 AM
From: Hepps  Read Replies (1) of 5205
 
Uncle Frank,
Nothing exciting to report. (which is a good thing)

Buy write on CSCO Bought 29.90 sold AUG CYQHF 30 calls for .95

Sold QCOM 45 calls against my position for .85
Sold IWM (R2000 tracking index) AUG 80 IOWTB puts against cash for 1.28 and .90
Sold IWM AUG 78 Puts IOWTZ for .90

Looks like I'll get my IWM 80s back, not sure about the 78's. Looks like I'll get called on the CSCO 30's; I wouldn't mind keeping them and writing another round next month. If I do get called I'll do the 30 puts next month. (I think)

I don't think QCOM is going anywhere.

I would have liked to buy/write some CREE, but really feel the need to keep some dry powder right now with the market acting the way it is. I might have a look at the company that EMC is spinning off later this month.

As always, a look in the rear view mirror shows that I am a poster child when it comes to timing.

Good luck

Hepps
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