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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 (7705)6/19/1998 10:33:00 AM
From: Tony B  Read Replies (1) | Respond to of 14162
 
Hi Herm,

I am currently "sitting on the bubble" with my CPQ CC's. CPQ is trading right at 27.5 this morning and I am short 5 June 27.5 calls, which I sold at 1 1/2 last week.

I am considering buying back the calls at 1/8 or so, but if I don't what are the chances of my shares getting called if CPQ closes 1/16 or 1/8 above 27.5? Assuming CPQ closes in this range is there also a chance that only some of my shares are called? (I am aware that is all random as to what/whose shares are called)

Thanks in advance for your reply and keep up the good work on this very informative thread.

Good Luck
TB



To: Herm who wrote (7705)6/21/1998 2:46:00 AM
From: Bill/WA  Read Replies (1) | Respond to of 14162
 
Again Herm, thanks so much for you time and expertise.
Your comparison of business, time & money is very true.
I have a long way to go before 'actually' getting my feet wet.
I'm known for being very cautious with my $$$<G> so I will be paper trading 'for a while'

Again, thank you for your time & effort in this thread, and also to the rest of the people here.

Bill