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

To: BDR who wrote (1217)	6/26/2001 12:20:05 AM
From: JohnM	Read Replies (1) \| Respond to of 5205

He would be better off to either take his loss by buying back the calls or forego the gain by letting the shares get called. He would be even better off if he had taken corrective action before you got that deep in the money. That's exactly the dilemma I see, Dale. The problem with that last sentence is that, most likely, the call writer would not see the full extent of the dilemma until it was too late. Whatever one concludes about Qcom's short term price future, the problem of being surprised by a sudden uptrend in a stock that's been written on, remains. So you would recommend just biting the bullet and letting the stock go? John