SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Option Spreads, Credit my Debit

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Dr. Diligence who wrote (1591)8/21/2000 1:26:33 PM
From: pvz  Read Replies (1) of 2317
 
Even though one would not normally assign out of the money options, as far as I know there's nothing stopping a holder from doing so. I find it interesting that QCOM is down this morning. I would be very surprised if a stock with a good probability of being up on the Monday following options expiry would ever be assigned.

The same thing happened to me a little while ago with CSCO. As I was making a profit on the position, I sold it immediately, although it turned around a couple of days later so if I had waited I would have been better off. It all depends on what you expect QCOM to do. You could sell and simultaneously write a new put.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext