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Technology Stocks : Vantive Corporation -- Ignore unavailable to you. Want to Upgrade?


To: 45bday who wrote (2768)2/19/1999 12:02:00 AM
From: Bald Eagle  Respond to of 3033
 
<<If you sold a Dec 7 call and the price was above that at expiration date why weren't your shs called away. >>
Well, I sold DEC 7 1/2's and the closing price was 7 7/8. I really don't know why they weren't called away. That's never happened to me before, but I've heard other people say they had the same experience. Previously even if I was 1/8 over closing my shares got called.
Anyway, I'll make almost 50% in two months on VNTV because they weren't called away :-)



To: 45bday who wrote (2768)2/19/1999 11:01:00 AM
From: Bald Eagle  Respond to of 3033
 
Well, VNTV is now below 10. I guess I'll probably get to keep my shares. This is one of the weirdest stocks I ever owned. When it was 16 in January. I was sure I was going to lose my shares. Oh well, I'll sell more covered calls on the next run up :-)



To: 45bday who wrote (2768)2/22/1999 10:24:00 AM
From: Bald Eagle  Read Replies (1) | Respond to of 3033
 
Well, guess what happened this time! VNTV closed at 10 9/16 on Friday. I owned 600 shares and had sold 6 Feb 10 covered calls. I called my broker this morning and found out that I had sold only 400 shares! So, I still have 200 shares, which are now above 11 :-)
Unfortunately, I assumed ( shouldn't do that, I guess ) that they were all going to be gone, so I put in an order to buy 2000 CADE for 2 5/16. Now , I have a deficit in my account which I have to pay today.
So, I guess I have to sell something else.