Monday, January 22, 2007
I want to share this with you...i got lucky! Last week i was trading in and out of EXXON scalping 40 cents here...30 cents there. Then Thursday i bought shares at 72 bucks and sold January 72.5 calls. The options expired Friday with the stock at 73.50 so the options finished in the money. Well to my surprise the options were not exercised!!! Apparently 62 contracts went unexercised and 15 of those were mine. So i would up with an extra 1 point gain plus 25 cents in premium!!! This was the first time in my 20 years of trading experience that something like this has ever happened. Why would someone leave an in the money call on the table? I would up with an extra 1500 bucks in the till Has anyone out there had something like this happen to them?
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