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Technology Stocks : Intel Corporation (INTC)
INTC 41.41+2.2%3:59 PM EST

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To: Hightechhooper who wrote (124212)1/4/2001 6:17:35 PM
From: Road Walker  Read Replies (1) of 186894
 
High,

In principle, you can get assigned any time. In practice, you are not going to get assigned as long as you are out of the money. In fact it's very rare to get assigned when you are in the money, before expiration.

My guess is that your calls will be both significantly OTM and ITM twice before expiration. If you really don't want to lose the shares, you ought to have an exit strategy from the position, when you have an acceptable profit. Pardon me for being harsh, but it was greed that got you into this situation, if you want to suck the last dime out of the option sale, you have a good chance of being called. If you want a one point profit, put in a buy to close order for when you reach your goal.

John
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