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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: 4 - Bob who wrote (7060)	3/10/1998 4:34:00 PM
From: Sowbug	Read Replies (2) \| Respond to of 14162

Thread, Have any of you ever written a covered call, had it go deep in the money, and then somehow it didn't get exercised? For my very, very first covered call ever, I wrote a March 70 call against my Yahoo stock. This was the trading day before Clinton's comments about no new Internet taxes. As many of you know, YHOO topped $92 today. I am doing my best not to throw small objects through windows these days, and would like a ray of hope. Alternatively, is there an efficient way to get out of this situation, or at least do something creative? I'm not in love with my YHOO shares, although I believe the runup will continue. I might just wait for the shares to be called away and buy a few YHOO LEAPS.