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Technology Stocks : America On-Line (AOL)

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To: Nick who wrote (32293)10/6/1999 11:03:00 PM
From: Dr. David Gleitman  Read Replies (1) of 41369
 
I sold the 120 October calls about two weeks ago before this massive run up. Now I am debating whether to sit tight and hope that by options expiration it will hover around 120, or roll them into the November 140's.

To answer the question, I am long on AOL but my strategy was to sell covered calls far enough out of the money so that I could enjoy the proceeds and not have to worry to much by options expiration. Worked for the August and September months. I didn't think that it would make such a large sudden move up (in October yet!?!). Now I am at the money.

Opinions anyone?

David
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