Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Uncle Frank who wrote (3063)	11/19/2001 4:27:52 PM
From: Andrew N. Cothran	Read Replies (3) \| Respond to of 5205

What we really hate, Uncle Frank, is our procrastination. We know when we should buy them back but we don't. We know when we should sell them but we don't. We also know what we don't want to sell and why? What we don't know is why we don't act more quickly on what we know rather than procrastinate until we are no longer sure of what we know. Understand?

To: Uncle Frank who wrote (3063)	11/19/2001 7:58:01 PM
From: Kayaker	Read Replies (1) \| Respond to of 5205

There are times when I hate covered calls. Like right now :-( I'm glad I bailed out of my QCOM CCs last week, even though they were Dec 60s, Dec 65s, and Jan 65s. First time I've written CCs against my entire QCOM position. Great timing; sure sign we're on the way up. I'm tempted to short higher strikes at these levels but wonder about imminent CDMA deals with Siemens and Alcatel. They can't wait much longer. Hmmmm, maybe the Apr 100s for 60¢. On the other hand, a close > 69 nets me an ounce of gold from Chojiro. <g>

To: Uncle Frank who wrote (3063)	11/20/2001 3:14:12 AM
From: Thomas Tam	Respond to of 5205

How much of this is liquidity driven? So much money out there and nothing else to do with it other than throw it into the market. Hard to justify a buy at present. Fundamentals will win out again, just when no one will know. My Jan 60s calls are looking precarious at present. Can anyone else justify the 30-75%+ jumps in stock prices when earnings have yet to show a reversal. How early do we have to time the recovery? Makes for interesting discussion as everyone thinks the market is currently overbought, but no one seems interested in taking profits yet. Best of luck folks with the covered calls, but second guessing is ruling the day. Later