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To: RocketMan who wrote (29381)8/17/2000 8:48:48 PM
From: Voltaire  Read Replies (1) | Respond to of 35685
 
Hi RM,

absolutely. To do other wise is simply playing the Casino. In other words, if someone writes out of the money, they are basically BETTING that the stock is going to rise. If they write IN THE MONEY, they are BETTING it is going to decline.

V



To: RocketMan who wrote (29381)8/17/2000 10:13:40 PM
From: Jill  Respond to of 35685
 
Yes you've got the basic concept (hopefully others have responded to this too)

But if you don't want to face that net loss you can buy back calls and roll them out so as not to take short term loss, while waiting for stock to recover--and what Tom did with Dell wastake the cash from that rollout and buy more shares on the cheap and cover those as well


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