Replies to post #49 on Science Applications International Corp (SAIC)

[VERYLONGSTOPPEDDRINKINGTHEKOOLAID]

You mean YOUR calls are green! My calls NEVER executed! I sat at $0.15 all afternoon and none executed. These are the same ones I received $2.50 for back in November, hehe...

If I can buy for $0.15 to $0.20 I may get some on Monday, not sure. I deliberately have NOT bought back the calls I sold thinking it woudl NOT reach $20 by May..but time will tell. I bought the stocks attached to the calls originally at $17.50 average...I got $2.50 for the calls. If I am taken out before May, I will have made $5.00 on my $17.50, which is a profit of 30%, right?

[VERYLONGSTOPPEDDRINKINGTHEKOOLAID]

I bought 30 May 20's this am for $0.20. My luck, they will now drop, lol!!!!

Actually, technically I have freed up 29 covered calls, so if the stock goes over $20 by exp date in May, I won't automatically lose at least 2,900 of my shares at $20 ( without freeing them I could have to surrender that amount of shares at $20 or higher pps) and will realize the higher appreciation. I will also have the right to buy 1100 additional shares at $20 should the stock be $30 by next month, lol..Wishful thinking!

Or, like you, I could just SELL the calls as soon as I am green! (But then if it really took off I would lose my shares, hmmm, decisions decisions...)