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To: Sam Citron who wrote (9402)11/15/2004 4:56:20 PM
From: Return to Sender  Read Replies (1) | Respond to of 13403
 
OT: So you just gave yourself $2.00 worth of downside protection today on the 500 shares of CTIC which you bought at 7.98. The strike price is $10.00. The calls you sold must be exercised by the owner before March 5, 2005 or you not only keep the $1000.00 you got from selling the calls but also the stock.

finance.yahoo.com

How often do you get the asking price when you sell a call? Isn't that a huge percentage gain you just got by selling those calls?

Thanks, RtS