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

To: cfoe who wrote (663)	5/19/2001 2:06:21 AM
From: Uncle Frank	Read Replies (1) \| Respond to of 5205

Date B/S Strike # Contracts Net in Net out 3/29 S $70(a) 2 $ 384 4/19 S $70(b) 4 $1,949 4/19 S $75(c) 4 $1,279 4/30 B $75(c) (4) $ 201 5/1 S $65(d) 4 $ 719 5/4 B $70(a) (2) $ 94 5/4 B $70(b) (4) $ 187 5/4 S $65(e) 6 $1,279 5/14 B $65(d) (4) $ 96 5/14 B $65(e) (6) $ 144 5/16 S $65(f) 10 $1,209 5/18 B $65(f) (10) $ 291 Totals -0- $6,819 $1,013 Profit $5,806 Damn, that's incredible, cfoe. You've got a flair for this covered call stuff, and an incredible amount of energy, too. I was playing with 1000 shares of qcom as well and underperformed you by a bunch, but that's because I'm retired and need to take a lot of naps. Here's the list of my qcom trades related to May options. Wrote 10 contracts of aaoem (May 65) on April 25 @ $5/sh. Received $5,000. Bought 10 contracts of aaoem to close on May 10 @ $.75/sh. Cost $750. Gross return: $5000 - $750 = $4250 Associated commissions were well under $100. uf@k-i-s-s.com