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


To: alanrs who wrote (4407)4/20/2006 6:54:35 PM
From: Uncle Frank  Read Replies (1) | Respond to of 5205
 
>> I know it's small potatoes to you 10-20 contracts at a time guys.

Time out. If memory doesn't fail, you could sell 21 covered call contracts of qcom. The fact that you choose to write a couple of contracts at a time doesn't qualify you for food stamps :-p.

uf@hehehe.com



To: alanrs who wrote (4407)4/21/2006 7:07:02 AM
From: Jerome  Respond to of 5205
 
That RMBS was a strange play. In the past few days I had about the same thing happen to me on MOT, and NVLS I was prepared to give up both positions because they were too far in the money to undo...and then they both tanked on earnings that were unimpressive. The call became unwound because I always enter a buy back of any covered call at a price of .10 just as soon as I sell a call.

Jerome