Wikipedia has some interesting information on this subject. http://en.wikipedia.org/wiki/Exercise_%28options%29 In particular, note the...
Thanks all for your replies. I'm actually a covered call writer and just wanted to understand the risk of early exercise. Sometimes I'll sell...
I understand why a call option holder may exercise early to capture a dividend on a stock. If they do not exercise, the price of their call...
More utility stocks were in the news this week including another one of my holdings. Progress Energy (PGN) was up quite a bit over the last two...
I only knew about the merger because I had held AYE for a number of years. Perhaps others can comment on sources for all the various pending...
I should make one correction. AYE is at a discount relative to FE and not a premium. I was thinking in terms of FE relative to AYE. The...
Thanks for the help. That makes sense now that I think about it assuming the investor retains the Long AYE and Short FE positions. AYE...
FirstEnergy intends to buy Allegheny Energy and the approvals are moving along. Each share of AYE would become 0.667 shares of FE. When...
Your link states that "You make money allowing people to close contracts out". That is what I suspected, but I wonder why that is necessary in...
Thanks for the explanation. What is the significance of 4:30 pm CST? I believe the market closed at 3:00 PM CST. Are you implying that they...
I should have mentioned that selling the Covered Calls opened the position. The position should be profitable even though it is a small amount of...
PFE was trading at 17.75 a few minutes before the close today (10/15/10), and I was able to Sell 47 October 18 Covered Calls at $0.01 per share....
You are correct on the brokerage. I'm wondering if I was just a little lucky to get the high price of the day on that particular trade. Volume...
I just had another GTC order executed, and in this case received a higher price than my limit and more than I expected. The order was to sell...
Just wanted to acknowledge your reply as you were absolutely correct on the NYSE opening late and being the primary exchange. I had no idea that...
This forum is really a terrific resource and I appreciate everyone's continued help. I attached the response from my brokerage below. I...
Thanks again to all and especially for the trade data starting at the open of the market. I appreciate the jpg file from Risktaker and similar...
Thanks all for the help. I just sent a note to my brokerage and will let you know how this turns out. I don't know how they handle GTC orders....
Symbol is PCK and trade was Wednesday 9/08. Closed End Bond Fund and not an ETF. I don't know the time of the execution. KAWill70
I was simply selling a Closed End Bond fund with a GTC order at $10.00. Order had been submitted weeks before and was waiting for the price to...
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