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Technology Stocks : How high will Microsoft fly? -- Ignore unavailable to you. Want to Upgrade?


To: Logos who wrote (9061)7/9/1998 11:22:00 AM
From: Ibexx  Respond to of 74651
 
Logos,

I had only one experience whereby my shares (under covered calls) were called away. In that particular instance, the MMs (or whoever bought my calls) waited until last minute to exercise--almost a month after the stock price exceeded the strike by 5-10 points.

Not sure if that was an isolated case or what.

Ibexx



To: Logos who wrote (9061)7/9/1998 11:35:00 AM
From: Exacctnt  Respond to of 74651
 
Logos, Usually options are exercised close to expiration. Whenever they are called early, it normally is to capture dividends. If an investor wished to cash in on option gains, they most likely will sell the option to get a higher leveraged gain, instead of ponying up cash to buy the stock. You're stuck until October unless you buy back your option.

Regards,
Bob



To: Logos who wrote (9061)7/9/1998 11:45:00 AM
From: Augustus Gloop  Read Replies (1) | Respond to of 74651
 
Almost always, like 99.9999% of the time you will be called at the expiration. In over 10 years I have only had a client called before exp. once.



To: Logos who wrote (9061)7/9/1998 11:46:00 AM
From: Augustus Gloop  Read Replies (1) | Respond to of 74651
 
What did you get (premium) for them Logos?
Also....how many and how much commission did you pay?