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Thanks very much. That helps a lot.
I've only had #1 scenarios so far but I think I'm about to have a #3 scenario soon! I sold an FLS April 16 2011 call with strike price $120 and the stock is around $130 now! It zoomed up unexpectedly. So if it doesn't come back down to earth by April 16 I guess it will be executed.

Thanks,
RB
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