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Dave,
It would help if you gave some details such as the stock
the strike and expiration. Some of us might be tracking that
stock and have fundamental or news related reasons. But without
the specifics you're asking for too general a comment.
Such as: American style options allow for early excersize and
there might have been a dividend involved which, on ex-dividend
date, makes the opton worth excersizing.
Also how far from strike is 1.25 points?
Regards,
Stan Rubenstein
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> From: pressdl <pressdl@xxxxxxxxx>
> To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
> Subject: Re:OPT-Assignment
> Date: Thursday, July 16, 1998 9:41 PM
>
> Any explanation would be appreciated. I had options assigned late
> yesterday. That is the first time I had options assigned prior to
> expiration. That was a surprise --but not nearly as much as the fact the
> option was assigned with the stock still 1 1/4 pts below the stock price.
> Any suggestions as to why someone would do this??
>
> I merely bought the stock back and wrote calls for the following month.
>
> Dave
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