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Strategies & Market Trends : The Covered Calls for Dummies Thread

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To: JGoren who wrote (2805)	10/20/2001 12:20:41 AM
From: Mike Buckley	Read Replies (1) of 5205

There is some risk when the closing price [during] normal hours is below exercise price ... that you get called In other words, it was damn smart of me to buy back the Siebel options with a strike price of $17.50 considering that the stock closed Friday at $17.49. It was still damn stupid of me to buy them back at a price of $2.30 on Monday when I could have bought them for chump change on Friday. :) --Mike Buckley

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