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Technology Stocks : All About Sun Microsystems

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To: Bald Eagle who wrote (6514)1/5/1998 1:34:00 PM
From: Alok Sinha  Read Replies (1) of 64865
 
They do expire on the third Friday of the month. However, the stock may be called away sooner if the holder of the option wishes to exercize them American options have this feature as opposed to European options, which can be exercized only at maturity. Due to this American optons have a slightly higher value). I have had that happen to me before - which makes me very wary of writing close to the money covered calls. Longer term and deep out of the money covered calls have usually been a better bet for me.

Regards and happy new year to you.

Alok
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