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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?


To: EricRR who wrote (115976)6/15/2000 1:37:00 PM
From: Elmer  Respond to of 1577034
 
Re: "What is this "rolling" term I keep hearing about? Is it simply covering your current options position and opening a new one, or is it more complicated? (perhaps conferring some tax advantage?)"

You got the concept. I bought back to close my short June position and sold to open a new July position. Same strike price but I picked up $5 difference between the June cost and the July premium.

EP



To: EricRR who wrote (115976)6/15/2000 1:37:00 PM
From: Goutam  Respond to of 1577034
 
RatbertRyand,

< What is this "rolling" term I keep hearing about?

Is it simply covering your current options position and opening a new one, >

You got it right.

Goutama