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

To: slacker711 who wrote (2942)	11/7/2001 4:51:40 PM
From: Rocket Scientist	Respond to of 5205

I've been a regular seller of QCOM cc's this year. I routinely sell the front month contract and have found I can get a 2-3% premium for calls 10-20% OOM. Normally I hold them through expiration and have made about 10 points this year (of course, the stock is down about 20!). Based on yesterday's report, decided that 55 is a pretty fair price for QCOM, so I bought back Nov 60s (sold last month for 0.75) for 0.45 and sold Dec 55s for $4.60. Probably will let the stock be called away this time.