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Technology Stocks : America On-Line (AOL) -- Ignore unavailable to you. Want to Upgrade?


To: Nick who wrote (32293)10/6/1999 4:34:00 PM
From: craig crawford  Read Replies (4) | Respond to of 41369
 
Bahh, you got it easy! November calls? No problem. Plenty of time for AOL to make 120 a distant memory.

Let's hear what people with October calls are doing.



To: Nick who wrote (32293)10/6/1999 11:03:00 PM
From: Dr. David Gleitman  Read Replies (1) | Respond to of 41369
 
I sold the 120 October calls about two weeks ago before this massive run up. Now I am debating whether to sit tight and hope that by options expiration it will hover around 120, or roll them into the November 140's.

To answer the question, I am long on AOL but my strategy was to sell covered calls far enough out of the money so that I could enjoy the proceeds and not have to worry to much by options expiration. Worked for the August and September months. I didn't think that it would make such a large sudden move up (in October yet!?!). Now I am at the money.

Opinions anyone?

David