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Strategies & Market Trends : The Covered Calls for Dummies Thread
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To: Uncle Frank who wrote (5026)11/6/2009 7:39:06 AM
From: Hepps  Read Replies (1) of 5205
 
Uncle Frank,

I wrote JAN10 42.50 LEAP Puts against cash for QCOM last fall for 7.40. I took them off the table yesterday for just over 2 bucks, leaving around 5.30 as profit.

I've just written my first covered calls in a while, Jan 47.50s on QCOM and JAN 29s on MSFT. I guess that means I've gone from Bullish to Bearish overall.

I'm just starting to get nervous about long term economic outlook.

Good luck

Hepps
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