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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: Herm who wrote (7512)	5/26/1998 12:26:00 PM
From: Stephen L. Smith	Read Replies (2) \| Respond to of 14162

Apparently the CBOE has halted trading on most of if not all options this morning (this according to Schwab --- I tried to sell some MDCO calls and got a message that "trading in this security has been halted." I called to inquire and was informed that trading in all CBOE options has been halted indefinitely due to a "system failure." ) Question --- if the price of a stock moves up significantly between the time that trading is halted and the time that trading resumes, will there be an opportunity to pick up options at limit prices that were set before trading was halted?