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Non-Tech : Just For Feet (FEET)

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To: Scott Finchler who wrote (177)	5/5/1997 4:33:00 PM
From: Walter High	of 750

Scott: You would just call your broker and tell him you wanted to buy the same number of calls as you sold to close your position. You would lose the difference between what you originally sold them at and what you buy them back at. (Plus the commissions each way.) If you are going to throw away $1,000, however, you better be pretty sure that the stock is going to keep going up. There is always the chance that it will drop back again before June. Also, if the stock stays close to 20, as the June expiration date approaches, it will cost less to buy it back. Tough decision! Walter High

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