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Strategies & Market Trends : The Covered Calls for Dummies Thread

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To: Hepps who wrote (5108)	3/11/2011 12:43:27 AM
From: kelseysuncle	of 5205

Glad to see the action on this board. I have been on the road for the past few days and finally had time to catch up. Was surprised to see the extent QCOM had fallen and immediately thought it might be a good time to look into buying APR calls. Checked the prices and quickly changed my mind. The premiums for buying were just too steep. But for selling.... so I put in orders to sell april 57.50s at better than a 1% premium. I did it with a limit order so if it continues to tank tomorrow it won't work. But if it does work, I either get to keep the 1+% and my stock or I get to sell shares bought in the 40s for a good profit and keep the premium too. It seems too easy. Is this dummy missing something? best, dku

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