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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 (4481)	10/6/2006 11:41:13 AM
From: Bridge Player	Read Replies (1) \| Respond to of 5205

Bought QCOM today at $36.45, sold Oct. 35 call for 2.20, if-called return in 14 days (plus 3 for weekend till funds available) is 2.18%, annualized is a nice number. Picking up some pennies on the track? Probably so.... I think you did better selling the Oct 35 puts :))

To: Uncle Frank who wrote (4481)	10/6/2006 12:17:00 PM
From: im a survivor	Respond to of 5205

Thanks..yep...understand 110%...my mind has been in a bit of a fog of late....... Agree with your reasoning as well...... Best of luck...