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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: Jon Tara who wrote (11810)	11/13/1999 9:32:00 PM
From: Boon	Read Replies (1) \| Respond to of 14162

Jon, good questions. I sold them at 9 5/8. They closed yesterday at 7 5/8. I've been in the position about a week or so -- not long. I sold 10 contracts, so there's a quick 2k to be made. But, as I said, I think they'll eventually expire worthless. If the underlying shares dip back toward or to 115, what are the chances they'll be exercised? I would think the chances are minimal -- at least through December -- but I've been trading options only for a short time.