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


To: Uncle Frank who wrote (609)5/16/2001 8:07:42 PM
From: golfinvestor  Respond to of 5205
 
<I would think so, too, but AAFFP June 80s closed at .80 bid, .85 ask with the underlying at 64.76, so there's no percentage in writing them unless the stock rises above 70.>

Assuming Q rises to 70, I'm willing to take less of a premium and move more OTM (say Jun 85) or maybe even latter in to a position to lessen the chance of getting called. As you stated, rolling the position is always an option.

Thanks for your input as always UF.

Golf



To: Uncle Frank who wrote (609)5/16/2001 11:33:55 PM
From: JGoren  Respond to of 5205
 
Unless Nextel makes firm announcement, I think qcom will trade with the market. Maxpain was still showing 65 for June last time I checked. 80 sounds pretty safe for June, but I am a little concerned over my July 80's; I failed to cover when they were about 1.25 and now are back near 3.