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Strategies & Market Trends : The Covered Calls for Dummies Thread

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To: Ira Player who wrote (4921)	4/20/2007 4:21:46 PM
From: Uncle Frank	Read Replies (1) of 5205

Hi, Ira. I just checked with Fidelity, and they auto-exercise at a nickle, too. The representative was embarrassed to tell me that. No prob. I now own ntap at a net price of 34, and will just sell it on Monday. As usual, the only winner is the broker. Good old Fidelity profits from getting 2 commissions as I buy and sell the stock. duf@thisgameisrigged.com PS: it may make more sense to keep it at this price. EMC posted a great report this week, so the sector is in good shape, and ntap usually outperforms the sector. Maybe I'll hang on and look for a swing trade.

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