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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 (4360)	3/21/2006 2:14:59 PM
From: alanrs	Read Replies (1) \| Respond to of 5205

Yes, life has turned out amazingly well despite my best efforts to screw it up. I'm told God watches out for idiots and drunks, and you could prove it by me. Sorry the April 50's didn't dip this morning, but I presume that either way it goes will work out ok. What a country. Regards ARS

To: Uncle Frank who wrote (4360)	3/29/2006 5:39:01 PM
From: alanrs	Read Replies (2) \| Respond to of 5205

Hello Uncle Frank; I was looking at the QCOM options chains today and converted some premiums to $'s/day, and was surprised at the result. Since I never sell more than about 6 weeks out any more, I don't often do this calculation. For the 55, 57.50, and 60 strikes the premium gets a lot better as you go out in time, not the normal state of affairs as I recall. It looks like the July 55 (at $1.40/day) and Oct 57.50 (at $1.00 /day) even have some decent volume. Just thought I'd pass that on. Someone thinks this move has legs, and is willing to plunk down some money. I think that's what it implies, but it's always hard to draw too many conclusions from options. Any opinions? Anybody? Where's Andrew Cothran when I need him. He always seemed to have a knack for reading the options tea leaves. ARS