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


To: Dr. Id who wrote (3872)7/24/2002 12:23:04 PM
From: Uncle Frank  Respond to of 5205
 
Holding cash for the moment, but I will replenish the position in the near term.



To: Dr. Id who wrote (3872)7/24/2002 2:21:09 PM
From: Uncle Frank  Read Replies (1) | Respond to of 5205
 
With earnings coming out tomorrow, I couldn't wait very long <lol>. I replenished my qcom position at 27, and have an order in to write sept27.50 calls at 4.50 (currently trading at 3.60 by 3.80). I'm counting on a mini run up to earnings, provided the market doesn't tank today or tomorrow.

Premiums, in percentage returns, look pretty good right now. September ntap at-the-money calls are commanding over 15%.