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

To: Uncle Frank who wrote (782)	5/24/2001 11:21:36 AM
From: JohnM	Respond to of 5205

Hope that helps. Yep, thanks, Frank. John

To: Uncle Frank who wrote (782)	5/24/2001 11:32:58 AM
From: M. C. Orme	Read Replies (2) \| Respond to of 5205

duf, question regarding call exercise. <<. But all in the money options are exercised by an automatic process following expiry, so a nufo 10 strike June call would be be exercised on June 16 if the stock ended trading at 10 1/4 or above on Friday, June 15.>> Is this a general scenario that any price higher than 1/4 above strike on expiration will be called, or did you mean in particular to this situation with NUFO? I'm trying to get an idea of what your experience (and others) has been and is there a guideline mm's operate within. When I've been called it's been way in the money (2-3 points.) Thanks for you input. dMCO