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


To: Hepps who wrote (5027)11/6/2009 11:06:53 AM
From: Uncle Frank  Read Replies (1) | Respond to of 5205
 
The LEAPS were a great play. What was the stock trading at when you wrote them?

>> I've just written my first covered calls in a while, Jan 47.50s on QCOM and JAN 29s on MSFT. I guess that means I've gone from Bullish to Bearish overall.

You're still a bull. If you were bearish, you wouldn't have writen qcom so far out of the money. If the sky is gonna fall, Jan 44s would be the hedge play. They're trading at 1.90.

duf