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

To: Boa Babe who wrote (1723)8/1/2001 6:33:03 PM
From: TShirtPrinter  Read Replies (1) | Respond to of 5205
 
Greetings Boa Babe,

Lots of us are selling CC's on QCOM hoping to not get called out but make a few extra $$ while we wait.

Right now Andrew Cothran is on the best run. Follow his lead. CFOE does OK, but has taken a couple of weeks off. Personally, I sold some Aug 70's around 1PM EST for $1.25. I hope to cover those for $.50 or so on any weakness. That's as far out as I'll go in QCOM. I have also gone back to my rule of no more than 20% of my position in that stock sold at any one time. Simply to easy to watch it fly by me.

Also sold RFMD Aug 35's for $.65 and GMST Aug 45 for $1.60.

I hope I didn't fire too early.

Welcome.

Tony

PS Can it have been 2 years since I saw you wearing that boa thingie in SD ?



To: Boa Babe who wrote (1723)8/1/2001 7:19:08 PM
From: William  Read Replies (1) | Respond to of 5205
 
Boa Babe: For what it's worth, here is what I have done with QCOM calls recently:
On 07/09 I wrote AUG 70 Calls for 2.10 on two thirds of my IRA account holdings. Today I wrote Sept 75 Calls for 1.95 on the other third. In May I wrote June 75 calls ($1.35)that expired. My non-IRA holdings remain mine, ie, not covered.
I tend to write higher strike calls for less premium then others here. If I am called, I am happy about it.

William


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