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Strategies & Market Trends : Options

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To: edamo who wrote (7778)5/11/2000 11:43:00 AM
From: Dr. Id  Read Replies (4) of 8096
 
I just had an "interesting" options related experience...

I had sold 3 GMST Apr 95 puts a few months back (when Gemstar was above 105), with the thought that I wanted more Gemstar if it should be put to me. Well, as the stock fell to the thirties and low forties, I rolled them out to May puts, with the idea that I'd keep doing that for a while as I waited for recovery. This morning, I checked my account and the stock was Put to me a week and a half early! I realize that this can happen, but it had never happened to me...has anyone else had this happen? (I guess I don't need to come up with further repair strategies for this one!)

DrId@REALLYrootingforGMSTnow.com
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