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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 (2885)	11/2/2001 5:57:48 PM
From: TShirtPrinter	Respond to of 5205

Greetings Unc Frank, Been at computer training all day. I think I know how to add your picture dancing with the Boa Babe & Lindy Bill now to my web site. Give me a written OK and I'll give it a try <g> I sold some Nov 60's and Dec 60's on QCOM. Andrew is teaching me how to make a bit more $$ rather than scalping. Considering it wasn't that long ago I was thinking I would lose some shares to margin in the 30's, this could be worse. Plus Surfbaron has established a trading range so I'm fine.<g> Off to the last football game of this HighSchool season. Tony

To: Uncle Frank who wrote (2885)	11/5/2001 4:45:57 PM
From: PoetTrader	Read Replies (1) \| Respond to of 5205

Dear UF and Thread... Sounds like we've all been playing qcom approximately the same way. I was wondering, however, if you guys could give me some advice on the following repair strategy. I got whipped on my calls I sold for November on Nvda -- sold Nov 30's at 3.30 (my cost basis is around 30.00 so I wouldn't lose money --but would obviously like to capitalize on their phenomenal move) as well as Qlgc at 22.50. I could slowly try to roll prices up over incremental strikes but that could take forever...or I could simply buy the underlying stock and have those positions taken out at the latter cost basis correct? Or I also thought about selling a put for say Nvda 45.00 next week making a couple of bucks, having the stock put to me and have that position taken away still maintaining my low cost basis positions -- or does it not work that way because technically you are taken out before you are put on assignment? Am I thinking this through correctly?? Or??? I kept thinking we were going to retest lows and I would have made some nice option income...Nope...no sign of that! Thanks for all input. PoetTrader