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To: No Mo Mo who wrote (1873)1/31/2000 8:25:00 PM
From: Voltaire  Read Replies (1) | Respond to of 35685
 
No,

1. You wrote calls

2. Most feel once they do this they are automatically locked out of any further profit on those particular number of shares.

3. Not the case because those leaps will not move in lock step with the movement of your stock, therefore your account will appreciate in value even though you are covered, probably about a third.

4. When I say that you probably will not get called out until expiration it is because it occurs only about two per cent of the time before an expiration date.

5. Ex. I want you to look at your net account value tomorrow morning and you will see that even though you are covered, your account increases in value.

V