Re: automatic exercise

Mitch Haley <[EMAIL PROTECTED]> wrote in news:[EMAIL PROTECTED]:

> Dr Tormento wrote:
>> >>
>> >>  I just had May Dept stores Dec 25 calls assigned to me for the same
>> >>reason.
>> 
>> > Which is why CC's suck.  The best are taken off of your table and you
>> > are left with the losers.
>> 
>>   Guess again. I bought the shares at 19.72
> 
> I think that was Arthur's point. You had shares which went up more than
> 25% and now you don't have them. If you'd sold CCs on lower performing
> shares, you'd still be holding the shares. 

   I intended to sell anyway. CCs are a perfectly good way to set a sales 
price.