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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 (2004)	8/15/2001 12:01:31 PM
From: William	Respond to of 5205

I now agree with you. I thought QCOM would drift upwards towards 70, but based on todays action I have changed that and now expect the lower 60's in the days ahead. William

To: Andrew N. Cothran who wrote (2004)	8/15/2001 12:57:39 PM
From: Dr. Id	Respond to of 5205

While I am not yet on my way to the bank (with 2 1/2 days to go), today it looks as if "the big boys" are determined to close QCOM on Friday at 65 or below so that all those thousands of 65 call options will die a worthless death. You Da Man! :) dDI

To: Andrew N. Cothran who wrote (2004)	8/15/2001 2:09:20 PM
From: Uncle Frank	Read Replies (2) \| Respond to of 5205

>> today it looks as if "the big boys" are determined to close QCOM on Friday at 65 or below so that all those thousands of 65 call options will die a worthless death. You've constructed a very credible scenario, Andrew. Based on the string of upgrades and confirmation of qcom's positive outlook, I'd consider them trading below 65 as artificial constraint, and expect them to bounce after expiry. I also note the high probability of a fed rate reduction next Tuesday. Though I haven't shorted the August expiry series, it may be productive to close out my sept70s on Friday with the expectation of being able to resell them the following week on a rally. Thanks for your thoughts. duf