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Technology Stocks : Cisco Systems, Inc. (CSCO) -- Ignore unavailable to you. Want to Upgrade?

To: Ira Player who wrote (64365)	8/6/2003 11:31:41 AM
From: Elroy	Respond to of 77398

Yeah, well I don't sell covered calls much. When I do it is if I've already decided to sell a stock, and instead of just selling it outright I sell an at the 2-4 week call and grab the extra 4% premium or whatever it is. Don't mind if I miss the upside, because I was going to sell the stock anyway. Of course, if the stock tumbles 20% before expiration, I end up with egg on my face (and usually remain a buy and hold guy until the stock gets to my sell price again). Been doing this with QCOM lately, actually.