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To: RR who wrote (19174)5/17/2000 11:48:00 PM
From: Dr. David Gleitman  Read Replies (3) | Respond to of 35685
 
Re: Options expiration. Sometimes I would buy back my calls to sell them once again and lower my strike price to adjust to the market conditions and take the additional premium. Although this stratagy worked well in the past, I have experienced times where it came back and bit me in the butt when the stock had the "audacity" to make a sudden leap in valuation during the last day or so before options expiration. we'll see what this market will bring.

Best regards,

David

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