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Strategies & Market Trends : Options for Newbies -(Help Me Obi-Wan-Kenobe)
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To: ---------- who wrote (811)4/22/1998 3:04:00 PM
From: Shawn M. Downey  Read Replies (1) of 2241
 
Doug and thread,

I sold SEP98 50 Calls against my Gateway 2000 stock on March 25th for 4 7/8. They are now in the money by 7 1/4 and the SEP98 50's are selling for 12 1/8.

Any suggestions? I know I could:

1. Let them expire. My avg cost for GTW is about 25 so there is lots of profit anyway.

2. Roll forward. The C DEC98 50's are 12 1/2. The C JAN00 50's are 17 3/4.

3. Roll up. Only a C SEP98 55 is available for 7 5/8.

4. Roll up and forward. C DEC98 55's are 9 3/4. C JAN00 55's are 16 1/8.

5. Buy to close the position.

I Think I am going to miss this stock if it goes. Thanks for any advice, Shawn.
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