Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: surfbaron who wrote (5479)	3/24/2000 1:57:00 AM
From: Nick	Read Replies (1) \| Respond to of 8096

I'm sure many people here will give you some great advice but on the Options on Gorillas & Kings thread they discuss CC and all options in detail and the posters have a lot of experience on the subject. Subject 32453 N

To: surfbaron who wrote (5479)	3/24/2000 9:31:00 AM
From: Ritch	Respond to of 8096

surfbaron - There is a chance that you would get called early if QCOM rises alot, but in reality you probably would not get called until Jan 2002. The pitfall is that the stock takes off and rises to $420 and you have to either sell it at $220, or buy back the call for about $200. That $30 premium might look like a lot now, but in a year it might look like like a paltry amount. I personally would not want to sell long term CC's on a stock with the upside potential of QCOM. I would stick with selling shorter term calls that will make it much easier to keep up with and make adjustments to your strategy. Now buying calls is a different story. I would buy LEAPs Calls on this type of stock. This is all IMHO. BWDIK? Ritch