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

To: JayPC who wrote (34350)	11/19/1999 3:22:00 PM
From: Dr. David Gleitman	Read Replies (2) \| Respond to of 41369

To all options traders. Here is a question. I sold the Nov 160 calls. While I am bullish on the stock, I have found that selling short term covered calls is an excellent way to earn extra income by way of the premium. Now even though AOL appears to be closing below 160, some people have told me that there is no guarantee that I won't be taken out at 160, even if trading closes below 160, and that it would be better to actually close my position by actually buying back the call towards the end of options expiration. Opinions would be appreciated, especially before the closing bell! David