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

To: Dr. David Gleitman who wrote (65236)	1/30/2000 9:39:00 AM
From: Jill	Respond to of 152472

Hi David...that's not a bad monthly income! :-) I'll paraphrase here somethign PMS witch posted on MSFT a long time ago about options. 1) If you think a stock is going upa little, sell puts 2) If you think a stock is going up a lot, buy calls 3) If you think a stock is going sideways, sell covered calls 4) If you think a stock is going down, buy puts It's pretty simplistic, but...useful. Since all stocks take breathers, if you're long a stock that had a nice runup and now it's retraced and going sideways, why not sell covered calls? You sold them a week before expiry; I sold and bought back. I agree I wouldn't want to be exposed for a long time...I wouldn't sell them months out for instance.