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

To: Hepps who wrote (5097)	3/4/2011 7:08:48 AM
From: alanrs	Respond to of 5205

Yes, I may very well lose the stock at $65. This is written against one of those original 400 shares that I would be more than happy to sell between $65 and $70. It would close the book on a long ago mistake (buying 200 shares at $128 in early 2000) that started a long period of "working the trade" during which I learned stuff. It would please me to see them go. I have other QCOM shares. What else are you looking at? I had gone through a long list of stocks, electric and gas utilities, pharmacies, consumer staples, those kinds of things, stocks paying 3-6% dividends. The thought was that with cash savings paying nothing in interest there would be a tendency to move into dividend paying stocks, a tug I'm feeling myself. I was going to sell puts in price ranges I felt were support and did so in January. Unfortunately they have all taken off and I have not revisited the list to re-establish prices I would be interested in (I'm basically lazy). The lazy thing is another reason I'm posting more about my investments. If I publicly say I'm going to update the list it gets embarrassing if 3 months go by and I haven't. In real life I can set a pile of papers down in a corner, some half finished project, and ignore it for years. ARS