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Technology Stocks : 3Com Corporation (COMS)
COMS 0.001600.0%Jan 16 9:30 AM EST

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To: joe who wrote (23229)10/26/1998 3:04:00 PM
From: Lost in New York  Read Replies (2) of 45548
 
If I were to buy calls, I would do them for 3 or 4 months out into the future as you're doing.

But, I probably would sell or restructure 1 to 2 months before the expiration day. Waiting until the last few weeks in this type of market environment (very volatile) seems pretty risky.


Actually I sold covered calls, but I agree with your general trading strategy. Time premium evaporates too quickly as expiration nears. That's part of why I sell covered calls. I wasted too much money buying short term calls betting that a stock would rally that didn't go up quite enough.

Dave
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