Ghasson and Thread: I would appreciate your thoughts on what
you would do if you were in my position.
I sold 10,000 shares Tuesday for a profit of some $15,000. I then bought back 2000 shares between $8. 25 and 8.50. I kept my
100 contracts--Nov. 10 calls, 50 contracts---Jan. 10 calls, and200 contracts Jan. 10's---1999. My average cost in the Nov calls is
$1,01, the Jan call---$1.35 , and the Jan 99 calls---$1.56.
My concern is the Nov. calls, but also the Jan calls.
How would you guys play it? Hold on regardless??? Or, sell the
Novembers, and play Jan's as an earnings play?? Or sell Nov and
Jan for on the next bounce, and use that money for more 99
or 00 calls? What do ya'll think? Appreciate your comments.
Cheers,
Jack Gibson |
