The New QUALCOMM - Coming Into Buy Range Message Board

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Technology Stocks : The New QUALCOMM - Coming Into Buy Range

QCOM 178.63

-1.3%

Oct 29 3:59 PM EDT

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To: waitwatchwander who wrote (9087)	3/19/2024 9:44:28 AM
From: Lance Bredvold	Read Replies (1) of 9128

In the case of QCOM @ $170 plus, yes, one contract is of sufficient size to make it worth my while. The $155 and $165 contracts required two each in order to reach my minimum total income requirement. Lower priced securities may involve several contracts. In the case of calls, having decided for whatever reason that I should reduce my exposure to a company, I set an ideal price and contract which the brokerage keeps available for a couple months. Thus many of my call trades happen as a surprise to me on up days. I can write down 5 contracts as easily as 1 on my perpetual asset list. And I sold very few call contracts last year while this year I have that summary sheet filling up rapidly with sold calls. Years ago I was told it is never a good idea to chase a stock (or an option) and I've found that to fit into my strategy OK with a few exceptions--usually on a sudden unexpected surprise announcement. Back when I was employed I could not do that but nowadays I have the ability to see surprises early and sometimes grab for some serendipitous event. (and often regret it).

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