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Strategies & Market Trends : The Covered Calls for Dummies Thread

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From: surfbaron	5/27/2008 1:11:17 AM
	of 5205

Hi Frank long time no..... Glad to see some Qcom oldies. I own Qcom at $37 from a few years ago and am getting ready to write some calls. Trying to figure how far out. A year and a half ago ago I wrote $40's out a year- Jan 08. Got to keep the stock. I agree with you on the grim macro outlook. I am closely watching short rates. My suspicians are that in 6-12 months 4-5% will be standard so if I lose the stock to being called I will put the cash in short rates and forego covered calls for money market rates. We really could see 6-10% short rates in the next few years. Another Covered Call stock I recommend is Chevron. Been doing the same thing with it as Qcom.

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