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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 (2939)11/7/2001 10:28:14 AM
From: JohnM  Respond to of 5205
 
2. Lots of overly enthusiastic shorts who expected to make a quick kill this morning are getting killed.

If you're right, Andrew, then it's an unusually opportune time to sell ccs. Let me see, fumbling around hunting for shares, they're around here somewhere. Whoops, just remembered, we lost a third of our shares in October. Wrote ccs at 45, when the price was 41, got called out and been waiting to buy them back. Now I have to decide whether to write on another third or wait.

Decisions!!

John



To: Andrew N. Cothran who wrote (2939)11/7/2001 10:53:54 AM
From: Kayaker  Read Replies (2) | Respond to of 5205
 
I'm also a bit puzzled at QCOM this morning. Darn thing is threatening to go green. I think it will head down soon though. Took the opportunity to sell Dec 60, Dec 65 and Jan 65 calls against my shares. Here's another example of the Pacific Exchange filling my order way off their bid. I was filled at 95¢ even though their bid was 80¢ or 85¢.

11/07/01 10:35:49 .85 Bid pacx
11/07/01 10:35:49 .95 Best ask pacx
11/07/01 10:36:20 .85 Bid pacx
11/07/01 10:36:20 .95 5 Trade pacx
11/07/01 10:36:20 1.25 Ask pacx
11/07/01 10:36:20 .95 5 Trade pacx
11/07/01 10:36:22 .95 5 Trade pacx
11/07/01 10:36:29 .80 Bid pacx
11/07/01 10:36:29 1.20 Ask pacx
11/07/01 10:37:06 .90 Bid phlx