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

To: William who wrote (1555)	7/20/2001 2:12:11 PM
From: Andrew N. Cothran	Read Replies (1) \| Respond to of 5205

No William. My trading account is not a tax sheltered account. But I don't mind losing these shares if they are called as they represent only a part of my QCOM total. And, if I lose them at $65, I can take the profits on a long term basis since I have owned the shares since March, 1999. My experience also is that if they are called, I can usually buy them back later at a price less than the called price. I have sold covered calls against my position for quite awhile. Came out ahead far more than I covered at a loss. It is a game I play hoping to increase my spendable income in the process.