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

To: jmac who wrote (61353)	1/10/2000 9:00:00 PM
From: showpanties	Read Replies (4) \| Respond to of 152472

Nasdaq was up big today and Qcom is only up 9 and change. I am glad in a way that we didn't go up too fast like the other big days we have had. All I know is that it is pretty exciting owning this stock and every day is interesting and I am sure that there is lots of news ahead for the Q.

To: jmac who wrote (61353)	1/10/2000 9:07:00 PM
From: Jim Willie CB	Read Replies (3) \| Respond to of 152472

I plan to write somewhat deepinmoney calls against Q shares in spring agreed writing outofmoney calls offers little protection I like somewhat deepinmoney calls, with delta of 80-90% I dislike outofmoney calls, with delta of 30-50% lastly, choosing written calls two months away if my intention is to hedge, and buyback cover regardless if QCOM hit hard, then outofmoney 2-month out calls protect this past week, for instance, how about the Feb130 or Feb140 I am not talking about riding those suckers out to expiry I am talking about hedging my positions want to neutralize for 5-6 weeks this past week, Feb130 would have offered 85% thereabouts this spring, much different scenario say at end of March, we are at 260-280 suppose got 1000 shares, for instance considering for such situation selling 10 June200 calls that should offer 80% delta at least the deeper inmoney, the higher the delta even if two months out deepinmoney calls strip out premium, offering good delta appreciate any discussion continued / Jim Willie