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Technology Stocks : America On-Line: will it survive ...?
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To: paulfinkelstein who wrote (3677)6/27/1997 10:13:00 PM
From: CLAUDE JOHNSON   of 13594
 
Paul,
Nice premium on those covered calls. How much time and how much out of the money when you sold them? Even if stock was AT the money and there was 6 months time left ... it's a wonderful killing!!

I had 2000 shares out of 3000 called away from me on a 7.50 stock that was right on the strike on expiration. I couldn't figure it out either. Next day the stock was down 3/4 and I sold the Oct 7.50 puts for 1 1/2. So I can't complain.

I had another stock at 18 that I wanted called away at 17.5. No way all the shares wouldn't be called away as it's 1/2 in the money on expiration date right? Not so ... somehow I kept 200 of the shares! How I don't know, but I am not complaining, I love the stock.

Love them war stories buddy.
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