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Non-Tech : Tyco International Limited (TYC)

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To: cloudless who wrote (642)11/11/1999 11:22:00 PM
From: Richard James  Read Replies (2) of 3770
 
Am long TYC, but sold covered calls three days ago, when stock was at 39-3/8. Never traded any type of option before. What is weird is that, although I will lose on the option trade if I buy back my calls, I would have made 15.2% had I done so and sold my TYC at today's close, whereas if I wait for my calls to be exercised, I only make 12.72%. (The percentages would be greater but the average share price of these lots is 40 5/8.)
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