Selling a Covered Call [SGI]
SGI has acquired LEG. The nine outstanding call contracts were adjusted per the terms of the all-stock transaction and expired worthless on Friday. Now we can sell exactly one call on our 130 shares of SGI. SGI has more available options both in terms of expiry dates and strike prices than were available for LEG so the following recommendation is perfect for our position and should execute quickly.
Sell to Open: One February 19, 2027 $80.00 Call Option [Symbol: SGI270219C80]
Limit Order Price: Credit of $2.95 per share
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