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Non-Tech : The Critical Investing Workshop -- Ignore unavailable to you. Want to Upgrade?

To: hroark2000 who wrote (7138)	3/12/2000 9:23:00 PM
From: Voltaire	Read Replies (3) \| Respond to of 35685

You want to always wait right up to expiration to buy the calls back because if you do not, you will lose that approximately one third appreciation I talk about because you would be called out at the strike price. Ex. I sold the 165's for Mar. on Cree for a fellow. The stock is around $190, if I do not go back in and buy the calls back when they lose their time value he will lose that third I talked about. See, the stock has gone up about 30 pts. but the calls have only gone up about 2/3 of that. And yes we could simply Roll up to the next month or buy back sell out and write another. V