FDA Plays

[jrbritt]

Options question: I wrote some covered calls on SPPI @ $8 awhile back. I've done this before but never has the price reached the strike point. SPPI reached $8 for awhile today - but my account shows I still have all my shares. I assumed if the purchaser exercised the contract when SPPI was over $8 my shares would have left my account at that time? Is it safe to say I still have my shares or will I not know until Friday's option expiration??? All this assuming that SPPI doesn't reach $8 again before Friday again...although it looks like it will do so.

Thanks!