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Strategies & Market Trends : Options
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To: r.edwards who wrote (4940)3/14/2000 10:57:00 AM
From: Poet  Read Replies (1) of 8096
 
Hi r.e.

You bought 300 ELON at 83, wrote cc's on it at $7, so if you don't buy back your cc's before Friday's close, you'll have your ELON called away and you will be paid a price of $83 plus $7 = $90 per share.

This looks like Volty's cc strategy, which I don't use. If you have other questions, perhaps someone on the Porch, or Jill, can answer them.
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