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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: Howard R. Hansen who wrote (13798)	7/20/2001 10:51:23 PM
From: Newton Yuen	Respond to of 14162

Howard: I sold the July 20 Calls for $1.50 in May when the stock was under $20.00. This was before the AWE spinout which was effective (I believe) July 6th or around that time frame. They did open two July options. Mine was relabeled as TATGD (I know this because it showed up as this on my broker's account status report when it jumped from about $1.25 to $6.00, that's what caught my attention)at $6.30 (today) and the new July 20 option with no AWE spinout shares was labeled as T GD at $.80 (today). I sold the TATGD, or rather I let it get exercised today, unless they were nice to me and decided not to exercise the option. Which I doubt very much. The buyer of my option made at least $4.80 ($6.30 - $1.50) if he covered today. I'm sorry I don't have exact numbers, but I'm at work and my records are at home. For those who think I am working late, the time in Hawaii right now is 4:55 P.M. not 10:51 P.M. as it shows on my message.