It seem to be the same thing evey month during options expiration. The stock has a "bit" of a runup, then starts to taper off about 1.5 - 2 weeks before options expiration. What I have been doing for the past several months (well, OK, now, for the past 2 months)is to sell the covered calls for that month basing my strike point on the most heavily traded price point. This resulted in taking in another $6,000 in August, and another $10,500 for september (AOL september 100's, Ebay 160's, Dell 50's, etc...). I still believe in AOL long term, but if things don't start to turn around, then I guess I'll just have to consider CHINA.COM, EBAY, as a better short term investment.
Good luck to all,
David |
