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


To: Jill who wrote (61324)1/10/2000 6:00:00 PM
From: Jim Willie CB  Read Replies (1) | Respond to of 152472
 
on exercising options: I like exercising partially on deepinmoneys
then you got massive buypower released
you can exercise next batch more fully with that buypower
you can hedge somewhat
I plan to exercise partially in next few days
gotta get this whole process underway

truism with options: BUYING AND SELLING IS NEVER PERFECT
(except in October when sold 1/2-pt off high near 225 target using TA)

true, something might happen to sidetrack intended exercise
but doubtful with MightyQ
I really want the advantage of buypower and hedging opportunities
some of these decisions take time to enact
it is so difficult to jump from one major decision to another

Jill, now not only me, but my older Chicago brother has a crush on you !!!
we Willies are hopeless
unlike me, he is in love with your mind

/ Jim Willie



To: Jill who wrote (61324)1/10/2000 6:02:00 PM
From: Hobie1Kenobe  Respond to of 152472
 
Jill -
I'm in the same quandry and am amazed that there is no time premium in these DIM's. I sold 1/3 when the stock was at 196 (lucky guess), and held the remaining 2/3 until today when I sold another 1/3 and rolled into February 160's. I think we have room to move upward between now and expiration and may hold until then. Nice to know others opinions. Good luck.
JF3



To: Jill who wrote (61324)1/10/2000 6:03:00 PM
From: freeus  Respond to of 152472
 
The Q should have some more excellent days, going over 200 between now and the 25th *earnings announcement* (VVVBG).
After that, its anyone's guess.



To: Jill who wrote (61324)1/10/2000 7:00:00 PM
From: waverider  Read Replies (1) | Respond to of 152472
 
Message 12526036



To: Jill who wrote (61324)1/10/2000 8:08:00 PM
From: codawg  Read Replies (1) | Respond to of 152472
 
Jill,

I'm in the same boat with some DIM Jan options. I'm not too concerned with YHOO, INTC, or PPI. I'm a little more concerned about CPI. Like your position, mine is so DIM that there's no premium so the only risk I take is in the movement of the stock. Just my opinion, but I think the odds for upward movement is much better than downwards right now.

My plan is to sell a quarter at around 175, and a quarter around 185 if we get there this week. Also at around 185 I'll open a spread with the remaining half (probably sell 195s) to take some of the risk out and still retain some of the upside potential.



To: Jill who wrote (61324)1/10/2000 8:11:00 PM
From: The Reaper  Respond to of 152472
 
Earnings numbers this quarter are going to be almost incomprehensible. They are probably going to post pro forma again and the "real number" is going to look awful IMO. This however, makes for the chance to "fade the move". Whatever the first reaction to earnings report, it's probably the wrong move. So just be ready to take any profits if you're so inclined if it spikes or use the reaction dip to buy. Using Voltaire's theory, the MM's are going to try to cause that wrong move initially.

kirby