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Strategies & Market Trends : The Covered Calls for Dummies Thread

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To: FaultLine who started this subject	12/4/2001 4:15:51 PM
From: shotz	Read Replies (2) of 5205

Help/Question: I've been writing covered calls for about a year now, and have never had the options go "in the money" before. What is the likelihood that someone will exercise these options, and that I will have to sell the underlying stock ?? I trade on Etrade; wrote Dec 55 calls for about 3.50, and currently the stock is trading at $60 while the options are trading for about 5.50. Etrade claims that exercised options are randomly distributed/assigned among those who have written covered calls. While I'd be OK finally selling at 55, I'm just wondering how likely it is that the options will expire unexercised ... much thanks, steve

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