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Strategies & Market Trends : The Covered Calls for Dummies Thread

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To: Uncle Frank who wrote (5009)	10/2/2009 6:45:06 PM
From: Dr. Id	Read Replies (2) of 5205

Hey Frank, I've been writing lots of covered calls on my 4k shares of QCOM over the past months. I've been picking up a few thousand a month, and for October wrote 20 47.50 calls and 20 49 calls (picked up about 6k when I wrote them in late August). The good news is that today the calls are worth a few hundred dollars. The bad news is that the stock isn't worth as much as it was either! Jeff

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