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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 (10792)	5/14/1999 9:46:00 AM
From: Jon Tara	Read Replies (1) \| Respond to of 14162

OK, so it seems you are going out 2-3 months to avoid being assigned? Not having done many covered calls, I don't have a feel for the liklihood of assignment. I just assume (incorrectly?) that if the stock is above the strike, it is likely you will be assigned. Wrong? So, if the option is, say, a month or more out, are you saying that as long as there is premium in the option, you are very unlikely to be assigned? Thus the reason you sell in-the-money options at the tops of swings?