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


To: Uncle Frank who wrote (2861)10/30/2001 2:36:42 PM
From: Andrew N. Cothran  Read Replies (2) | Respond to of 5205
 
Uncle Frank:

Yesterday, when I saw the market yawn when Dr IJ did his airplane show and tell, I decided to sell the following:

I sold the November 55 (aaokk) at 3.00
I sold the December 55 (aaolk) at 4.50

I am tempted to buy them back today but think that I will wait awhile. I don't know if QCOM will be able to climb back to 55 before the November expires. Guess it depends a lot on any favorable surprises in next week's report. I don't think that we will be favorably surprised.