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Technology Stocks : How high will Microsoft fly?
MSFT 459.86+0.7%Jan 16 9:30 AM EST

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To: Ibexx who wrote (2366)7/23/1997 10:09:00 PM
From: finfan   of 74651
 
Ibexx, Sonki, Others I urgently need your opinion on something.


I have 2 MSFT August call options. One is for 5 August 135 calls bought at 4 3/4 (currently valued at 11) and the other is for 9 August 145 calls bought at 12 1/2 (currently valued at 5). I am not sure how soon the time erosion will start accelerating and I am getting very antsy. I NEED SOME HELP.
I am contemplating selling both calls on Thursday or Friday of this week and take my lumps (and a big one this will be). I am nervous that the August 145 calls will expire worthless if something does not break soon. What do you recommend. Do you think that I could wait until the end of July before I act. MSFT has been all over the map.
Please impart ome of your wisdom regarding how long can a call be held before it starts rapidly decaying prior to expiration. Is it 1 day, 5 days, 10 days or more.
HEEEEEEEEEEEEEEEEEEEELLLLLLLLLLLLLLLLLLLPPPPPPPPPPPPPPPPPPPPP. YOUR ADVICE WILL BE VERY MUCH APPRECIATED.

A SINKING, SICK FEELING FINFAN
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