How To Write Covered Calls - An Ongoing Real Case Study! Message Board

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

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To: Herm who wrote (2322)	6/16/1997 10:48:00 AM
From: tuck	of 14162

Herm and Thread, A question for the more experienced . . . Recently I bought July 25 calls in Multicare (MUL). This morning a partnership announced they were taking it over at 28/share and the stock opened after a brief delay at 27. The options have yet to trade, and the market makers haven't even moved the bid/ask an hour after opening. Is this normal? Any of you been in this situation? When can I expect the options to open and reflect their true value? Thanks, Tuck

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