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Strategies & Market Trends : How To Write Covered Calls - An Ongoing Real Case Study! -- Ignore unavailable to you. Want to Upgrade?


To: Greg Higgins who wrote (11603)9/24/1999 1:15:00 PM
From: OX  Read Replies (1) | Respond to of 14162
 
Greg,

Thanks for writing that up. I find it fascinating that you were assigned. The person exercising must've thot CPQ was going to gap up this morning, 'cause yesterdays closing bids sure don't reflect a high probability of assignment (BWDIK). In your experience, did you expect to be assigned at a certain price for CPQ (or gap between CPQ bid and option bid)? And how likely did you expect to be assigned when you first sold the put?

I've been as deep as 20+ pts ITM (on calls) but still had miniscule time value left, and luckily was not assigned (was hoping not to be in this case).

Thanks.