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

To: Andrew N. Cothran who wrote (1548)	7/20/2001 11:56:50 AM
From: DiB	Read Replies (1) \| Respond to of 5205

IMHO QCOM closes a tad above 65 so cheap call buyers can get QCOM ahead of the earnings report, and call writers can close their position with a little profit...

To: Andrew N. Cothran who wrote (1548)	7/20/2001 12:58:01 PM
From: cfoe	Read Replies (1) \| Respond to of 5205

Andrew - I played the same game a few months ago. It can get the heart pumping. Right now I am sitting on 10 65s sold a couple of weeks ago at $1.40 (if I remember correctly). Still sitting on them. My bet is that the stock closes below $65. But if it looks like it will be closing just above $65 today, I would have a choice to let it go (stock is in my IRA, so no tax consequence) or buy back the option for the difference. What I do will depend on what I think the stock price will do next week going into earnings. If I were forced to bet, I would bet it will drift lower. Will wait until 12:45p pdt to begin to decide.

To: Andrew N. Cothran who wrote (1548)	7/21/2001 1:54:59 AM
From: surfbaron	Read Replies (1) \| Respond to of 5205

Andrew: Enjoyed the the play by play. I just couldn't muster the nads to sell the 65's. I am resolute that should the Q move in to the 70's before conf call I will sell the 65's or possibly the 70's.