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


To: alanrs who wrote (4366)3/29/2006 9:39:22 PM
From: TShirtPrinter  Read Replies (1) | Respond to of 5205
 
Greetings,

Not Unc. Frank or Andrew, but I have been selling CC's April 50's for a while. Today I sold for $1.80 but the stock kept going up. I've been able to cover in just a few days in the past. We'll see if that holds true this time. I hate going out longer on QCOM because there's always that 100 pt. jump waiting for us <g>. QCOM headbanger since 1998.

Tony



To: alanrs who wrote (4366)3/30/2006 12:14:01 PM
From: Uncle Frank  Read Replies (1) | Respond to of 5205
 
>> 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.

I wouldn't read too much into it, Alan. I think that's normal with OOTM calls, because the premium for the first month drops so rapidly once it's inside a full month.

duf