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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 (3120)	12/12/2001 12:23:56 PM
From: Andrew N. Cothran	Read Replies (2) \| Respond to of 5205

Uncle Frank: I resold Dec 60's yesterday for 1.60. Started to go with the DEC 55's but chickened out. Boy oh boy! You are patient.

To: Uncle Frank who wrote (3120)	12/12/2001 12:43:42 PM
From: TShirtPrinter	Read Replies (1) \| Respond to of 5205

Greetings Unc, It's 12:39 EST and my real time shows $3 to $3.20. Andrew's right. You appear patient. By the way, have you paid Cooters yet? I would have taken your bet. And it should be noted, after 19 months of selling CC's, Cooters has stopped selling on QCOM. I wish I could. A bit hooked I am afraid<g> Tony

To: Uncle Frank who wrote (3120)	12/12/2001 10:16:40 PM
From: PoetTrader	Read Replies (1) \| Respond to of 5205

UF... I had dec 55's and at the last run up rolled out and up to Jan 60's. I had sold the original calls for 5.60 and one of you recommended that when the stock price hit the strike price plus premium to roll up and out. I think that helps me strategize and take all the emotional "what ifs" out. Now I have a lot of leverage because I had the original 5.60 as a buffer to sell out of my Jan 60's which I traded into for a debit of .60. So I'm going to wait a bit further for the market to take another dip and since my strike price is 3.00 I will have made 2.00 more than likely in any event and I've preserved 5.00 worth of position price. Hope this made sense. Let us know what you are doing with your position. Good luck, PoetTrader