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Strategies & Market Trends : Option Strategies
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To: alanrs who wrote (1663)5/17/2016 10:43:24 AM
From: alanrs  Read Replies (1) of 2591
 
Just to keep current, in case someone else was following WDC.

SNDK call option was not exercised before the merger so I received cash and 23.87 shares of WDC and bought to close the SNDK covered call.

Also bought to close the two WDC calls, for most of the premium. Still short two WDC puts, which look increasingly likely to be exercised.

If the additional shares are put to me I'll have 423 shares at $39.
I'm willing to sell further puts at 25, if and when.

ARS
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