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

To: JGoren who wrote (660)	5/19/2001 12:07:28 AM
From: cfoe	Respond to of 5205

John - Here's what happened. As QCOM kept bouncing above and below $65 in the last hour, I was calling my broker every 10 minutes to check the option price. At about 3:45p when QCOM went back above $65 I decided I would not risk losing the stock and called my broker. He quoted me 10 cents bid, 30 cents asked and he put in a market order. He called me back about 3:50p and said I got the options for 25 cents! Right after that QCOM started moving up again (much to my surprise) and closed as you noted. That's the story of what happened. Now to answer you question "how did I manage that?" I was lucky! cfoe-HTD