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Strategies & Market Trends : The Thread Formerly Known as No Rest For The Wicked

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To: Tim Luke who wrote (11566)2/2/1999 8:31:00 PM
From: mlmpro  Read Replies (1) of 90042
 
Tim,
I'm sitting with FEB 120 CSCO calls at 4 and change. I'm not worried about csco itself, and will definitely buy if it opens down tomorrow.

But the options are a different story. I'm with you on csco being a $130 stock, but I'm afraid with only 2 1/2 weeks left until option expiration, that I may lose too much in time value if csco doesn't have a strong rally this week.

What do you think, sell the options tomorrow,limit losses and stay with the stock only, or ride em out and pray for a miracle run?

Thanks
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