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Technology Stocks : Qualcomm Incorporated (QCOM) -- Ignore unavailable to you. Want to Upgrade?

To: jmac who wrote (45708)	10/22/1999 10:01:00 AM
From: T L Comiskey	Read Replies (1) \| Respond to of 152472

jmac....re... 30%++ annual return by buying the Q and writing the Jan 2000 calls, ....You mean Jan 2001 correct...?

To: jmac who wrote (45708)	10/22/1999 4:22:00 PM
From: engineer	Read Replies (2) \| Respond to of 152472

I am confused. If a stock is as volitle as QCOM and it is rising 100% per year, how can writing covered calls against it be "safe"? Seems to me you almost always loose your stock. Why not buy in the money calls and then sell them at a later time? Seems like alot safer moeny than covered calls. Just an opinion..... I don't understand how closing above 247 makes you happy. You loose your stock and you make less return. I would think you would be happy if it were at 200 1/8 at that time, since you would make no more than the call and could actualy purchase stock to hold for the next covered call. Seems like you loose on both ends. Best case is that it closes at 249 7/8. Then you keep the 7 and the stock at a high price.