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

To: surfbaron who wrote (2595)	10/8/2001 4:55:24 PM
From: TShirtPrinter	Respond to of 5205

Greetings surfbaron, I think QCOM has been slammed a bit too hard to sell cc's at this time. Believe me, I wish that wasn't the case. Secondly, earnings come out on Nov 6th. The forward guidance for the way Korea is selling 1X phones should be OK. Now someone with real stones might load up on Nov 40's, but that topic is not allowed on this thread and I'm too tapped out to even consider it anyway. <g> Tony PS I worked in NYC last week. I thought I was ready. I am still shocked. We hurt with you NYC & Washington.

To: surfbaron who wrote (2595)	10/8/2001 6:19:54 PM
From: alanrs	Read Replies (1) \| Respond to of 5205

Agree with poster who felt Qcom too low to sell CC's. I bought .VLMAT (Q Jan 03 100's-my favorite) on Fri. for the first time in many months. I have been buying various calls for a few weeks now. Premiums low, market just took a dive, etc. Who knows what tomorrow brings, but it makes sense to me to sell calls when premiums are high (mildly bearish), buy them back when the market tanks (neutral), and then buy some calls outright if further tanking occurs (mildly bullish). I look at it as playing the odds a little, without actually knowing what the odds are, since I am unable to process the many data points accurately (butterfly wings in Brazil and such). ARS