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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 (3650)4/12/2002 3:16:04 PM
From: Kayaker  Read Replies (1) | Respond to of 5205
 
closed out our April40 qcom's for a dime yesterday

That is looking like very good timing; certainly better than mine -- patience and discipline, patience and discipline. I'm hoping to see the low 40s in the next few weeks and then short the Oct 45s or maybe Jan 45s. I'm thinking Octobers are attractive in anticipation of a late Sept/early Oct dip.



To: Uncle Frank who wrote (3650)4/12/2002 3:58:32 PM
From: JohnM  Respond to of 5205
 
Mostly uncovered now, and waiting for the next rally :-).

My congrats. Lots of patience there.

One of the interesting thing about this work is that the last mistake dictates your moves for a while. You keep doing things to avoid it and it scrunches your vision.

Lost some Qcom shares sometime back. And paid too much to buy them back. So now I grab a gain whenever it appears.

Learning, learning, learning.


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