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: tuck who wrote (2607)	6/16/1997 2:43:00 PM
From: Herm	of 14162

Tuck, That lag is typical in merger situations. Until all the numbers are calculated they halt trading on that issue. It should resume the same day. I have something like that taking place right now with USRX which gone and is now part of 3com (COMS). None of USRX symbols are valid and I have no idea what the options are worth. They told me 1.75 shares of 3com for 1 USRX share. Now, what the heck are the original USRX covered call premiums worth and for how many shares? My portfolio balance figure is off today (10% overnight) in my favor. That can't be a true number. Hey, I'll take it if I don't have to pay it back. :-)

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