The Thread Formerly Known as No Rest For The Wicked Message Board

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Strategies & Market Trends : The Thread Formerly Known as No Rest For The Wicked

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To: Stephen Swantz who wrote (64716)	10/8/1999 2:07:00 AM
From: R.E.B.	Read Replies (1) of 90042

Steve, if you don't plan on holding CS, I would sell the options otherwise you will pay commission twice (upon exercise and again on the sale of the stock). Also, if you don't have enough money in your account to exercise, they will charge you margin interest for the 3 days it takes to get the Monday sale to settle. In fact, I would be tempted to sell those in-the-money CS options now while you still have a premium; then use some of the profits to buy you some November "just-out-of-the-money" calls, (e.g., Nov. $20). November is a long month for options trading because we have until the 20th (if memory serves me correctly) so go for it... life's too short... no guts, no black chips... you'll never grow hair on your chest playing it safe.... ride hard, shoot straight, tell the truth.

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