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

To: LLCF who wrote (46723)	10/31/1999 6:03:00 PM
From: Voltaire	Read Replies (2) \| Respond to of 152472

At least you took some time. Your no more profit over strike price is correct if you are called out. I am not speaking of expiration nor called out. THE PROOF IS IN THE PUDDING- I ask you one question and then we will drop it. DOES THE VALUE OF ONE'S ACCOUNT INCREASE, DECREASE, OR STAY THE SAME WHEN THE STOCK RISES IN A COVERED POSTON. VERY SIMPLE! WHAT IS YOUR ANSWER? Mine is - The value increases. If called out or expires, it does not but 95% of the time it is not called out and an individual can take his increase by buying the calls back and keeping the stock. THIS IS NOT THAT DIFFICULT! Leavng respectfully ( seriously ) V. P. S. - I refer you to the God of God on options - McMillan- " Options as a strategic Investment " - " A more pleasant situaton for the covered writer to encounter is the one in which the underlying stock rises in price after the covered writing position has been established ". Nuff said!