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Strategies & Market Trends : The Covered Calls for Dummies Thread

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To: Uncle Frank who wrote (4986)4/24/2009 12:28:35 PM
From: Dr. Id  Read Replies (1) of 5205
 
Cute kid! Mine are going to be two on Sunday.

Aside from resigning from my business and joining the ranks of the unemployed (or what you call retirement), I actually sold QCOM calls last month. Sold April 40's for 1.26, and ended up buying them back on the last day for a small profit.

I was trying to sell some earlier in the week, and then the delayed earnings announcement. I'm thinking now I should wait until seeing what Monday brings...

Any suggestions? (I'm wanting to lighten my portfolio...or what's left of it...before the next big downturn)
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