Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : How To Write Covered Calls - An Ongoing Real Case Study! -- Ignore unavailable to you. Want to Upgrade?

To: Richard James who wrote (11804)	11/12/1999 5:00:00 AM
From: Jimbo	Read Replies (1) \| Respond to of 14162

Help ! Sold some QCOM CCs and now in a bit of a pickle ! Would appreciate knowing what's the best play here ! Wrote the QCOM 200s and 220s and just stood there like an idiot watching them appreciate. Is there any play here to salvage any thing. Thinking of buying back and selling the Jan 00. Is my thinking correct ?

To: Richard James who wrote (11804)	11/12/1999 11:29:00 AM
From: Herm	Read Replies (2) \| Respond to of 14162

I could not resist Richard. I'm slowly getting back my second wind. You have a TYC strike of $40 with a CC premie of 5.625. So, your B.E. and concerns don't start until TYC reaches $45+ and closes above $45. That weekly chart profile still indicates a downward bias with volatility increasing everyday. Notice the upper and lower BBs how they are widening. In the center of the BBs you see a moving average (red line) slanted downward. RSI and OBV both dropping and stocastics still negative. All spell one thing! A downward cycle with a sideways slow motion at best. In the meantime, the green is in your pocket. Today, TYC has been down 1 to 1 1/2 points as I write. One heck of a viper right now. You can sit tight for now! :-) iqc.com