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

To: jmac who wrote (49811)	11/13/1999 9:44:00 PM
From: Voltaire	Read Replies (1) \| Respond to of 152472

It works better than mutual funds in a down trend and CD's because you are technically short and just sell the leaps, buy cheaper shares and keep writing calls. V For the thread's sake we better drop it I guess!

To: jmac who wrote (49811)	11/14/1999 12:31:00 AM
From: MileHigh	Read Replies (2) \| Respond to of 152472

jmac, Here we go again! <gg> It is a bit more complicated than you all have proposed. What if you sell the Dec 400's for 32 and the Q drops to 346 (down 32 points from sell price)? Sure you collect the premium but the underlying stock has lost 32 points in value. So it is a wash. Yes better than not selling the calls at all, but your net worth has not changed one iota. The best case scenario when selling calls is for the underlying stock to rise modestly right up to but less than the strike price you sold at. You still collect the premium and you also captured an additional 5-10% in stock appreciation. Happy Hunting! MileHigh