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Strategies & Market Trends : The Covered Calls for Dummies Thread -- Ignore unavailable to you. Want to Upgrade?

To: TShirtPrinter who wrote (591)	5/16/2001 2:58:28 PM
From: cfoe	Read Replies (2) \| Respond to of 5205

Yes, I do. Just sold QCOM May $65s at $1.25. Here's my thinking (I agree with surfbaron). Premium is very nice for two+ days work. Stock is in my SEP so no tax implications if I am called. First Union, a big QCOM booster, just sets $66 target - my price if called is 25 cents over the target. Even if called, I would expect stock price to fall back below $65 sometime soon. If more great news comes out, I can always roll them out. Anyway, I just did it and will see if I am being too "greedy."