Yup, I was debating doing that, but I expect, and still do, the NAZ to crater into the low 1400's, if not lower. If CREE didn't make that announcement, I'd bet we'd still be around $11. Its a good sign for the longs that CREE has been so resilient and that the quarter is tracking well.
There is still time for CREE to back off before Friday, but if I get exercised, I lock in a profit and I'll just reassume the position. No worries, I can't see CREE making a big run to $20 by Friday, which would piss me off. <bg>
Funny, my other covered call position on AHAA (Also June $12.50s) will certainly expire worthless. <bg>
A-M-S |
