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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 (5006)9/23/2009 9:38:15 PM
From: TShirtPrinter  Read Replies (1) | Respond to of 5205
 
Greetings Unc.,

Sorry not to reply I have been traveling.

Looks like we are on a similar track. A few months ago I got called out of QCOM 45's and have been sitting patiently waiting and sure enough by selling Sept. 45 puts I got the shares put back to me. The premium on both ends seems to have been worth it, and patience for a change also seems to have worked.

So...I sold Oct 46's mid day today and already have a buy back if we hold the late day dip before we sky rocket to the moon in the AM. <g>

Actually will be on the golf course most of the day and not near a computer. It has worked out for me to pick my price and go away from the computer anyway. Keeps me from chasing lousy prices.

Once again, Thanks for all you have taught me over the years.

Tony



To: Uncle Frank who wrote (5006)9/23/2009 10:30:49 PM
From: alanrs  Read Replies (1) | Respond to of 5205
 
Hi Uncle Frank.

Been losing my ass shorting the index futures, selling a few things outright to cover the loss. Oh well. Still have a lot of QCOM (for me).

Like Tony I wanted to let you know I appreciate the welcome you gave me when I first showed up on SI.

Regards

ARS

And just for the hell of it since I finally figured out how to do this, this is myself, Janet and grandson Jon at Yellowstone this summer.