SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : A Study of Covered Strangle in a Rather Neutral Market
QCOM 170.85-1.2%Nov 8 3:52 PM EST

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
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)
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext