SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : America On-Line (AOL)
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Dr. David Gleitman who wrote (32359)10/7/1999 12:17:00 PM
From: Marvin Mansky  Read Replies (1) of 41369
 
OK. David I understand that you are short Oct 120 calls on AOL. You can do three things: 1)let the calls be exercised (they take the stock at 120 Oct 15th) 2) buy the calls back to close the position (eat the premium) 3)Close the position, sell November 125 or Nov 120

I would do choice 2 since I am very bullish on AOL

I have gotten burned writing covered calls on SUNW where the stock went to the "moon" and I was stuck within a range with a covered call.

Just remember that writing calls is always "bearish", that is, you think the stock will remain within a range or go down. If I am bullish I don't ever write any calls against underlying stock
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News