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Technology Stocks : Qualcomm Incorporated (QCOM) -- Ignore unavailable to you. Want to Upgrade?

To: golfinvestor who wrote (132817)	1/16/2004 12:51:28 PM
From: Andrew N. Cothran	Read Replies (1) \| Respond to of 152472

I do write calls on multiple contracts. Since my broker charges only $14.95 each way (in and out), my transaction costs are minimal. For instance, the calls I sold yesterday for $1.00 will net me $985.05 per 1000 shares (10 contracts) IF NOT CALLED and I can let them die a natural death (I won't have to buy them back). This is a pretty good return for a two day exposure. Of course, I always know that I run a small risk of something untoward occurring that will drive the stock much higher than the strike price. But, again, this is a small risk given recent market activity.