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Technology Stocks : Qualcomm Incorporated (QCOM) -- Ignore unavailable to you. Want to Upgrade?

To: voop who wrote (26048)	4/4/1999 9:00:00 PM
From: Labrador	Read Replies (3) \| Respond to of 152472

it's different than a limit order in that you will likely only get the shares on the option expiration date if it is below the strike price. so if the stock dips, you don't own it for the run back up. for example, if you sold April 130 puts on the Q, and the stock dipped to $125 and then back to $135, you don't own it. you'll only own the Q if it is under $130 at the option expiration date. So if the Q pulls back and roars ahead, you'll not get the run-up but you do keep the option premium.