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Technology Stocks : DII Group, Inc.

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To: Douglas V. Fant who wrote (1564)	3/26/1998 10:04:00 AM
From: Jimbo Cobb	Read Replies (1) of 1845

Actually "in the money" puts I guess would expire worthless, right ? If I sold a $25 put and the stock was at $26, I'd just let the put expire...if I sold a $25 put and the stock was at $23 (come expiration time), I'd normally buy the put back to close the position. Whether or not I sold another one out farther would depend on the specific stock and situation at the time...whether I still felt the stock was undervalued, etc... It's a case by case basis, no general formula.

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