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

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To: Herm who wrote (11748)10/25/1999 8:09:00 PM
From: Tom K.  Read Replies (2) of 14162
 
The overwhelming number of options contracts expire worthless each month. :-)

I attended a seminar last week conducted by a senior instructor from the Options Institute of the CBOE. He began by stating he wanted to dispel some myths. One was regarding worthless expirations. His statistics were: 30% expire, 10% are exercised, and 60% are closed. I was surprised.

Tom
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