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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 (8521)9/11/1998 12:12:00 PM
From: Dnorman  Read Replies (3) of 14162
 
Herm: I want to buy back some options that I sold, the stock is trading at 17 and the options were written for Oct 35. I want to take my profits the bid is 1/2 the ask is 1 1/8 with 770 contracts outstanding. Do I buy back at the bid or the ask? This MM wouldn't accept my bid of 7/16.

Dennis
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