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Strategies & Market Trends : A Study of Covered Strangle in a Rather Neutral Market
QCOM 168.52-1.0%9:30 AM EDT
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To: PAL who wrote (10)8/20/2001 2:05:43 AM
From: PAL  Read Replies (1) of 23
 
Now we have to comapre covered strangle against buy/write strategy.

Under buy/write strategy: start with 110,000

On 7/18/01 bought 1,800 shares of QCOM at 62.25. Thus holdings:

1,800 shares of qcom and $ 2,050 in margin account.

on 8/2/01 (at the high) sold 18 calls at 4.20, and collected
$ 7,560

Now we have 1,800 sh of qcom plus $ 5,510 in cash.

On Friday, qcom closed at $ 61.56. (continued in next post)
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