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Technology Stocks : Semtech
SMTC 72.97+0.3%Dec 19 3:59 PM EST
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To: Sword who wrote (711)1/22/1998 3:09:00 PM
From: pham  Read Replies (1) of 886
 
Jerry,
I don't know how much "out-of-money" you wrote your contract for. But
I just want to share this experience with you. I once wrote a covered
call on one of the stock that I owned. I thought I had it out of money large enough that I could close the position before the expiration date. Guess what the following week that stock went up
about 50%. I ran into the problem deciding if I want to close my
position then to keep my stock or let the contract exercised. I ended
up having it excersized because the stock went up even higher the following week. Just a thought!
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