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

To: StockHawk who wrote (589)	5/16/2001 3:14:45 PM
From: FaultLine	Respond to of 5205

Hello StockHawk, Welcome! It's nice to see you here. The answer to your question is yes, you absolutely can supply newly purchased stock after you receive notification of the assignment. Take a look at this short post I wrote a few days ago: Message 15768788 Dont be a stranger. We have entirely too much fun over here (and we're making money too). :o) Regards, --ken/dfl

To: StockHawk who wrote (589)	5/16/2001 3:23:39 PM
From: BDR	Read Replies (1) \| Respond to of 5205

<<Has anyone ever done this?>> I haven't but I would think you would have to be notified immediately by your broker of the exercise and act that day to buy additional shares. I doubt you would get such service from deep discount online brokers. If you sell only a portion of your holdings, I believe it is up to you to decide which shares you are selling for tax purposes. But if you find out after the markets close that your calls have been exercised it will be too late to do anything about it. Buying the next day and trying to say that those are the shares that were called away the day before won't work unless you are allowed to play games with the difference between the trade date and settlement date. Long way to say I don't know.