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Hi Guys;

I started with MF Options a few months back and I'm just now coming up on my first actionable closings and I have a question regarding the GES Mar12 $38Puts.

I wrote puts per the recommendation and am up almost the entire amount. I sold them for $2.05 and as of Friday they were at $0.02.

Since the stock at $35.94 is worth less than the $38 strike put I'm assuming that I'm likely to be assigned?

My question is how should I play this?

The other trade question concerns BBY covered calls. I was thinking of rolling up and out to the Jun12 $26call at a net credit of $0.20. Any thoughts on this one?

Thanks for any advice.
Ed
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