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

To: TShirtPrinter who wrote (640)5/18/2001 3:39:28 PM
From: cfoe  Read Replies (1) | Respond to of 5205
 
It's 3:34 EDT and I am holding out for a close below $65. I got a little nervous about 10 minutes ago when QCOM moved back above $65 to around $65.10. When I called my broker I would have to pay 40 cents to buy them back.

I decided to wait and see what happens. I really doubt the MMs are going to let the stock close this much above max-pain. We'll see.

Just checked again at 3:38p and stock is at $65. What a game!



To: TShirtPrinter who wrote (640)5/18/2001 4:02:57 PM
From: cfoe  Read Replies (3) | Respond to of 5205
 
Ok. Final report. I bought Options back for 25 cents. Sold them for $1.20 for a 72.5 cents per share net profit after all commissions.

I am amazed stock closed above $65, but it was a fun ride.

Thanks to all for advice. I credit trades this month tobeginner's luck so I am still very much a dummy!

Now I am ready for my Hat Trick Dummy award, please!


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