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Non-Tech : The Critical Investing Workshop
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To: RocketMan who wrote (29977)8/21/2000 2:29:59 PM
From: SE  Read Replies (1) of 35685
 
Simply put, you ended up losing $2000 on the stock (from $11,000 last purchase to the $9,000 call price) and you gained $1500 on the calls sold, so yes you are out $500.

Interesting.

I think a great deal would be different if you:

1. Roll up and out on the Sept 100 call (ie, buy back the Sept 100 and sell the Sept 110).
2. Buy back the OCT $110 call and sell the OCT $100 call and then possibly buy back the OCT $100 and sell the OCT $90 strike.
3. Roll up and out on the Nov 90 call (ie, buy back the Nov 90 and sell the Nov 100)

As simple as people want to make it, I still think active management and a plan will put you in a much better position...something as I have described above. Otherwise, as you stated, you lost $500 on the stock. I would love to see the above example with real time prices. That is part of the reason for my paper portfolio that I will be following for a while. Gotta see how it all acts real time.....

-SE
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