ITM Stock Wasn't Called Away.

[Arnie Guitar]

A first for me.
In the past, if it was ITM by a penny, it was gone.
This one was .16 ITM.
Hmph...

 

[traider]

what stock is this? put call? strike? did you use the correct settlement time? It's not the time when exchange closes.

 

[Arnie Guitar]

It was a covered call.
The 17.5.
It expired this past Friday.

 

[zdreg]

It is nothing unusual. The buyer of the option can chose not to exercise. He didn't want the shares in his account on Monday.

 

[destriero]

I've only seen it happen on small lots in a very low volume series. It was probably an AH quote you are looking at where the NBBO was straddling 17.50.

 

[Arnie Guitar]

It was OXY, closed at 17.67ish?
600 shares.

 

[JSOP]

It was OXY, closed at 17.67ish?
600 shares.

pin risk. Fear not. If the stock goes up even higher, you would be making more money. Option premium + profit from selling the stock. Count yourself lucky.

 

[Arnie Guitar]

I've already written more calls against it.
Maybe I shoulda sold it!

 

[zdreg]

pin risk. Fear not. If the stock goes up even higher, you would be making more money. Option premium + profit from selling the stock. Count yourself lucky.

Now you are giving stock directional advice. If some negative announcement should occur he would loose money.
You are a man for all seasons. You have expertise on options, on the law and now on stocks.

I admire your philosophy of life right or WRONG BUT NEVER IN DOUBT.

 

[JSOP]

I've already written more calls against it.
Maybe I shoulda sold it!

Be careful if you sell the stock before the calls expire, then your calls would be naked. So if you ever get assigned you will be short.