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

To: Voltaire who wrote (25345)	7/14/2000 9:33:43 AM
From: Mannie	Read Replies (1) \| Respond to of 35685

Tom- In looking ahead to expirations Friday next week, I am beginning to develop a plan to attempt to minimize the amount of cash left on the table. I am well into the money in several positions, particularly with GMST and NTAP. By $20 or more...... I believe you have said that the best way to retain roughly a third of that run up, plus the option premium, is to simply wait until late in the day on expiration day and sell the shares and buy back the deteriorated calls. Is that it in a nutshell? Do you ever sell, say a 1/4 of the shares, sell ATM calls on the remaining 3/4, and then use the cash to buy back the deteriorated calls? Thank you, I realize there are many different ways to play it, and I will do the math as the week plays out, I'm just looking for options that I might not be seeing. Scott