About stock options and exercising thereof.

Factual Questions
1

I have been doing some paper trading lately; but I have a situation that I am unable to figure out in a ‘real-world’ sense.

Supposing I had sold one September call (CKR), strike price 7.50.

CKR closed Friday September 19 at 7.85 – and it had been hovering between 7.50 and 7.85 for a couple days.

Since we are only talking about one contract, I think that I would not have been called out. But I am not sure if my contract might have been part of someone else’s larger group of contracts and therefore would have been called out.

Help?

And please forgive any misusage of terms; I’m quite new at this.

2

I’m not sure what your question is, exactly. I believe you are asking what would happen IRL. The calls you wrote are in the money ($35.00 in the money). For someone not to exercise it would be irrational on his/her end. You can pretty much count on it being called.

3

For the purposes of paper trading you best take the loss.