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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: StaggerLee who wrote (13075)	7/21/2000 2:17:02 PM
From: Mark Z	Read Replies (2) \| Respond to of 14162

Yes! This happened to me last November. I was short some MSFT 90 calls and MSFT ended the regular session at around 86 or 87. I don't recall the specifics, but some favorable news came out after close regarding the DOJ suit & MSFT was a few points above 90 after hours. The owner of those calls had until an hour after market close to notify their broker (or more specifically, the broker has an hour to notify the CBOE) whether or not to exercise and obviously they were alert to developments as I woke up Monday to find myself short the shares. Fortunately, MSFT dipped on Monday <g>.