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Non-Tech : The Critical Investing Workshop

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To: RR who wrote (21613)6/6/2000 2:00:00 PM
From: im a survivor  Read Replies (2) of 35685
 
Rick...since you seem to be the options guru...I asked this on the VIGN thread, but frankly, for such an awesome stock...amazing as it is...me and INTCfan seem to be the only one'swho stop over there occasionally. Additionally, I value the opinions of 99.99999% of the folks on this board, so, you or anybody else care to respond, I would appreciate it.

Question - What do you think about the move I just made ?

Sold ALL my Sept 35 VIGN calls for 14 1/8

Bought same number of Dec 45 VIGN calls for 14 3/8

Basically, I swapped the septembers for the Decembers for the same price. Differance is a $10 higher strike price, but 3 months....and hopefully the healthiest 3months....more in Time.

Any opinions ? Smart move, dumb move ???

Personally, sept was just getting too close. With VIGN looking to hopefully regain lost ground, I'd hate to get caught in a time capsul where it corrects a little bit close to expiration. This gives me 3 more months...and basically, I dont mind trading $10 more for those 3 months.

Opinions ??...also just did the same with my NTAP calls. Sold the Sept 50's for $31 and bought the Dec 60's for $29...

Keith
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