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

To: Jill who wrote (51968)11/29/1999 7:28:00 PM
From: PAL  Read Replies (2) | Respond to of 152472
 
Jill:

Have been selling Dec OTM puts even today. The premium will decay fast. Now if you sell QCOM Dec500 at 2 and sell DEC380 put at 28, then if you get called, essentially you are selling QCOM at 530. Based on closing price of 371, you get 43% return in less than 3 weeks. Not bad. Your break even point is 350, anything between 350 and 500: you make money and keep the shares. The optioninvestor refers buying Dec500 call as pure gambling.

Best regards

Paul


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