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


To: cfoe who wrote (2230)8/24/2001 4:20:17 PM
From: Uncle Frank  Respond to of 5205
 
>> I took today's bump in QCOM to sell the Sept $65s at $3.90. Before you all ask why, here is my thinking.

No need to explain; you're the King of the 65s. That strike price has been very good to you; I've watched you work it adroitly over the past few months. I seriously considered writing October65s, but my inner Bull pushed me to write the 70s. Even if that proves too conservative, the time premium will decay faster on the otm strike.

Have a good weekend.

duf