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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 (2948)	11/7/2001 11:29:18 AM
From: Kayaker	Read Replies (1) \| Respond to of 5205

Out of curiosity, if you are sure qcom will drop, why did you write such bullish strike prices? Well, I think QCOM will head down from here into December, but then, I was certain we wouldn't see 54 today. So, what do I know? You and Andrew are better at shorting calls with strikes closer to the stock price. I end up not sleeping. I also have Canadian tax rules to worry about. I have to maintain long term positions. If I trade in and out I risk my gains being classified as income rather than capital gains (½ the tax).