Sold Qualcom (QCOM) Naked Puts
I finished July options expiration with a full profit on QCOM and planned to get back in last week, but had some other orders hit before my QCOM order could. I don’t like selling all of my month’s options within a day or two of each other in case there’s a big market move against me I like to have the cash on hand to sell puts into a dip. Before I could adjust my order on QCOM they settled the lawsuit (in favor of QCOM) with Nokia regarding patent infringements. This has been the big issue holding them back and now that it’s resolved, QCOM has room to run some. Before I could make a trade, QCOM was already up big. I waited to see if it would slide back some, but instead it inched up a little more.
Seeing it up a little this morning I changed my order […]
Original post by Alex Fotopoulos