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Strategies & Market Trends : Three Amigos Stock Thread -- Ignore unavailable to you. Want to Upgrade?

To: Sal D who wrote (18834)	2/13/2000 9:52:00 PM
From: Ken W	Read Replies (3) \| Respond to of 29382

Joe, Thanks for the rundown on options. I was pretty sure that was the way it worked. It is my understanding that 85 to 90% of options expire worthless. Being that the time is short I don't see the stock going over 5 before expriy, so feel that the premium would be safe with no call out of my shares (stock presently at 3ish call strike is 5) Unless someone wanted to buy my 3 shares for 5 and the stock was at 4) I'd go for that!!!! <ggggggg> Now if the stock went to 10 (hope) and I got called at 5, that would be horrible!! I think I'll wait and see how it plays out. If nothing else we will learn something together and hopefully so will someone else. Speaking of options did you see how Arnie's Mar. COMS 60's did when the stock went to 63...yehaaaa Ken