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

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To: Casaubon who wrote (12245)1/25/2000 2:17:00 AM
From: NateC  Read Replies (1) of 14162
 
You are also absolutely right aboutmonitoring these positions.

Next time...if I'm even CLOSE....I will close the CC position and roll out....remainingin control.

In this situation....I watched a realtime streamer AND a realtime chart the last hour on friday....to be sure that the underlying SCH did not trade at the assignment level (3/4 point above the strike price of 37 1/2) Seeing the exchange close, with the closing price at 37 7/16.....I went to lunch, and thought I was OK.

the afterhours trading is when it went to 38 1/2....and i had no way to monitor that. (actually Datek's streamer will allow you.....you have to hit control-I....and it takes you to Island afterhours quotes.)...but I didn't think of that
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