Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Uncle Frank who wrote (4473)	10/4/2006 2:16:03 PM
From: Uncle Frank	Read Replies (1) \| Respond to of 5205

>> Hmmm... maybe I should be considering writing puts that span the earnings report. After mulling that over, I did. I didn't span the earnings report, but I wrote the AAOVG (qcom October 35 put) for 1.20. This is the first put I've ever shorted, so I'm nervous as a... well, you know ;-). duf

To: Uncle Frank who wrote (4473)	10/4/2006 2:31:20 PM
From: im a survivor	Respond to of 5205

We are thinking along the same lines...I was looking to see qcom at $38-$40 and then write...I was debating what month, because like you, it is a tad risky when they are ready to release numbers....seems like nowadays even blow out numbers causes a sell off......But, I may risk it by possibly writing some calls for oct and also write some a bit further out....Heck, if they get whacked on their earnings and they break below the $30 - $32 area, I'll probably be buying agressivley, then wait for it to pop and write more CC's..that is assuming there is nothing negative in the earnings and the drop is simply people selling the news......