Re: automatic exercise

Dr Tormento wrote:
> 
> 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.

So rather than put in a sell order for 27, you sell a 25 call for 2?

Mitch.