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Strategies & Market Trends : How To Write Covered Calls - An Ongoing Real Case Study!

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To: Herman J. Matos who wrote (692)3/21/1997 2:30:00 PM
From: Joseph Ziebarth   of 14162
 
RE: Mr. Z Paper trade.

Herman .... what am I seeing here?

INTC is trading today (third Fri of Mar.) at 131 to 133. On the 140 Mar call option Last = 1/16, Net = 0, Bid is none, Ask is 1/16, Vol = 535 and Open Int = 13446.

1) Why would 535 units be bought at above the market price of the stocks?
2) Why is there Open Int? Which I guess means active swaping between someone.

My imaginary holdings are 4@ MSFT Apr95, (Nut = 22)
4@ATML Apr 27 1/2 (Nut = 22.75)
4 @ HWP Apr 60 (Nut=55)
4@INTC Apr (140 (nut = 137)
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