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To: Mannie who wrote (8246)	3/20/2000 10:31:00 AM
From: surfbaron	Read Replies (1) \| Respond to of 35685

Scott: Great Snow Cam.I'm thinking of hitting the slopes this weekend at Crystal myself.

To: Mannie who wrote (8246)	3/21/2000 12:31:00 AM
From: Dr. David Gleitman	Read Replies (1) \| Respond to of 35685

Sorry for the delay Scott: with regards to: hanks for the response, when rolling a call to the higher strike price, does one simply buy back the current call and the write the next months at a higher strike? That's all you have to do. It is best to do it with a broker, then to do it on line. You first have to buy them back before you can sell the new call. I usually do it right before options expiration (at about 3:45-50 pm. It doesn't give you that much time, but this way you exhaust the time premium, which allows a maximum differential in time premium when comparing the old call to the new call. It may cost a bit more in brokers fees, but I have found it to be worth it. The brokers can get a quicker execution and can roll them with much greater finesse. BTW, you don't have to roll them of a single month, you can look at the spreads and pick the premium that suits your needs. Hope this helps, David