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Gold/Mining/Energy : Trico Marine Services (TMAR) -- Ignore unavailable to you. Want to Upgrade?

To: JEFF A. KEHL who wrote (127)3/20/1998 11:16:00 PM
From: Don Westermeyer  Respond to of 1153
 
I also sold Mar 20's on TMAR. First time I've ever written covered calls. Do you typically not find out if the shares were called until the following Monday? I'd be upset if I lost the shares although I did get more mid-week at 18 3/4.

Why upset? You are within 1/16 of making a perfect option play!
(Hopefully you sold the call for more than 1/16). I really suspect our stock will get called in anticipation of good news from OPEC.



To: JEFF A. KEHL who wrote (127)3/20/1998 11:46:00 PM
From: Douglas V. Fant  Respond to of 1153
 
Jeff, The official settling date for options is actually the Saturday after the third friday of the month- i.e., tomorrow... So you really won't be able to tell until you check your account before the market opens on Monday.... The rally in the service stocks had some real "steam" today- perhaps options closing and a bit of short covering too?

Sincerely,

Doug F.


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