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Strategies & Market Trends : The Covered Calls for Dummies Thread -- Ignore unavailable to you. Want to Upgrade?

To: BDR who wrote (369)	5/1/2001 8:47:31 PM
From: alanrs	Read Replies (1) \| Respond to of 5205

Never having had a stock called away, I wasn't sure of the mechanism. In fact, I'm kind of looking forward to the experience just so I'll understand better. I mentioned the possibility that the option would not be called to a friend of mine and that I would be forced to hold the stock until expiration, just as a general concern, and he seemed to feel that at some point it would be exercised. Since he runs a small hedge fund, I presumed he knew what he was talking about, although apparently not. So I will just wait and see what transpires. ARS PS He's a terrible stock picker too. PPS And he makes an incredible amount of money for it.