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


To: JohnM who wrote (3493)3/13/2002 1:55:29 PM
From: Uncle Frank  Read Replies (1) | Respond to of 5205
 
>> as I recall you wound up writing Qcom April 40s on all your holdings?? That right? Ouch.

Thanks for the concern, John, but it's not that bad I received premiums for the april40s ranging between 1.40 and 2.50. Qcom's currently trading at 41, which means the strike+premium should the calls be exercised today are significantly greater than I would have received from an outright sale. The same is true for my sebl and ntap ccs.

uf