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Technology Stocks : How high will Microsoft fly?
MSFT 483.03+0.5%Dec 5 9:30 AM EST

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To: Sonki who wrote (14190)1/12/1999 9:22:00 PM
From: Gerald Walls  Read Replies (1) of 74651
 
Sonki, today I rolled my LMFAB into an equal number of ZMFAG. I did this in order to pull some money out of the position and move into the 2001s before the time premium began to decay. I understand that I lost delta by doing this and upon reflection I think the loss of delta may be worse than the loss of time premium.

Overall, how stupid was this move? Also, how do you handle rolling from one year to the next? The LEAPS spreads are obscene but limit orders may leave you without a position if the stock begins to move.
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