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Strategies & Market Trends : Options
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To: RocketMan who wrote (6694)4/19/2000 11:42:00 PM
From: surpow  Read Replies (3) of 8096
 
RM, Jill and Poet:

RE: GMST. It better be, or my options are cooked <g>.

Good job Jill getting out 1 month ago. If I had, I would have locked in a 200% gain on my Aug 75s and 95s, rather then currently facing a 80% loss. I really wanted to exercise them.

Do you have any suggestions? I was thinking of taking the loss and just buying the common at these levels (a good step in getting me off the options needle). Or I could lose 2/3 of the contracts, but roll out to November and down to a strike of 60 or 65 and hope to exercise at that point. My current GMST position is made up of these calls (33%) and common (67%).

tia, Noah

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