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Strategies & Market Trends : Option Spreads, Credit my Debit -- Ignore unavailable to you. Want to Upgrade?

To: Dr. Diligence who wrote (1591)	8/21/2000 10:36:40 AM
From: jjs_ynot	Read Replies (1) \| Respond to of 2317

DD, Expect that any position at or in the money has a very high probability of being assigned. In fact, at 3/4 or more in the money assignment is mandatory by the brokerage on the buy side of the option. I would suggest that you sell some QCOM. Regards, Dave

To: Dr. Diligence who wrote (1591)	8/21/2000 1:26:33 PM
From: pvz	Read Replies (1) \| Respond to of 2317

Even though one would not normally assign out of the money options, as far as I know there's nothing stopping a holder from doing so. I find it interesting that QCOM is down this morning. I would be very surprised if a stock with a good probability of being up on the Monday following options expiry would ever be assigned. The same thing happened to me a little while ago with CSCO. As I was making a profit on the position, I sold it immediately, although it turned around a couple of days later so if I had waited I would have been better off. It all depends on what you expect QCOM to do. You could sell and simultaneously write a new put.