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Strategies & Market Trends : Options -- Ignore unavailable to you. Want to Upgrade?

To: taxman who wrote (950)	1/11/2000 10:12:00 AM
From: Jill	Read Replies (1) \| Respond to of 8096

Hey, taxman, nice to see you around again. I recall you had some incredibly profitable Qualcomm calls. Are they coming close to expiry? I recall it from the MSFT thread--they cost 9 and were up to 140 and that was months ago. I put in a limit order at strike price of yesterday's close, to sell a few of my Jan 82 l/2s so that I can exercise some others, and then have enough margin by early next week to exercise the rest. This strategy was discussed here and on QCOM thread and I like it. Hope I get my sell. Jill

To: taxman who wrote (950)	1/11/2000 3:22:00 PM
From: freeus	Respond to of 8096

re then where do you put the money? In treasuries? I guess if you want to. I'd prefer to wait for a dip (we sure seem to be having ) and then either buy the stock (if that was my goal) or more options further out. Its too easy, with options that have only a short time left, (under two months is my definition of a short time) to end up with a losing position...unless the holder is willing to exercise, which is often not the case. Stocks at least come back, if its a strong company: options may not have time to come back. Freeus Any profit is a happy event.