Ebay Covered Call ???

December 16th, 2005 by Kenric

Well EBAY closed at $45.94 today. I thought that my call would automatically be exercised because it was in the money. Who ever bought my option could have theoretically exercised and bought 500 shares at $45.00 and resold at $45.94 and made $470.00 instantly…

But my account still had my shares of EBAY and my -5 contracts of my call.

Maybe it will get settled on Monday morning. Maybe I made $500.00 and I can sell another 5 contracts on Monday.

Posted in Finances |
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