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Politics : Ask Michael Burke

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To: Knighty Tin who wrote (82160)7/7/2000 3:57:06 PM
From: Sanjay Mazumdar  Read Replies (2) of 132070
 
MB,

Thanks for the reply. I am still trying to digest what you wrote <g>.

I am asking for some clarifications trying to understand the options game.

(BTW do you know a broker who allows options in an IRA. I currently use Fidelity and Schwab.)

In the maximum income play in VERT how would you unwind if say the stock is $100 1 year from today. For example assuming I now buy 100 shares and sell 1 covered call at 40. Then how do I close out my position. Do I sell the 100 shares and buy a call? If that is so how do I buy a call at $ 40 if it is not available since the price of the stock is $100.

With Vignette what would be an optimal exit strategy. Would you let the options contract expire or would you trade them before expiration depending upon what the market did in the interim.

One last question if I wanted to play Allaire for maximum capital appreciation how would I do it?

Thanks in advance

Sanjay
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