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Strategies & Market Trends : How To Write Covered Calls - An Ongoing Real Case Study!
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To: Herm who wrote (8481)9/10/1998 11:51:00 PM
From: Ken Brown  Read Replies (2) of 14162
 
A simple question:

(I'm sure it's been answered more than once, but with 8500 messages, it's tough to find where! I did read many of the first ones, but ....)

Let's say I own XYZ, which is currently trading at 30. I've decided if/when it goes to 35, I'd like to sell. Rather than sell, though, I'm thinking of writing Oct 35 calls.

Question: If XYZ goes to 35 (or more), but then *drops* back to 30, do I still own it? IOW, is the determining factor of whether or not the stock is called from me the price on expiration day?

Thanks in advance!

Ken
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