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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 (2723)	10/15/2001 3:03:22 PM
From: Uncle Frank	Read Replies (1) \| Respond to of 5205

>> If QCOM closes on Friday at or slightly below 50, my cynicism will be vindicated. It if closes above, then I will admit my mistake both in strategy, timing and wisdom. Nonsense. Your strategies are always well formed, and your past multiple wins bear testimony to your timing. If it doesn't work this time, it's more of a commentary on the law of averages than on your wisdom. duf@usoldguyshavetosticktogether.com

To: Andrew N. Cothran who wrote (2723)	10/15/2001 3:27:59 PM
From: William	Read Replies (1) \| Respond to of 5205

It could close at 51 or 50.50 and then drop on Monday, due to calls exercised and stock then being sold. Many call buyers don't want to own the stock, just play the calls. Some may not have the cash to go long and/or stay long the stock. So there can be some downward pressure on the underlying after options expire. Not always, but not uncommon. William