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To: Elmer who wrote (80059)5/14/2002 2:56:19 PM
From: dhellmanRespond to of 275872
 
You can roll them to June and pick up $0.60
now here's a case where size matters, does it not?
I suppose it depends on your broker, but you have to be rolling x number of contracts to cover the vig and have something left to pocket.

d



To: Elmer who wrote (80059)5/14/2002 3:06:39 PM
From: bacchus_iiRespond to of 275872
 
RE Joe: sold May $12.50 calls against 2nd half of my position.
RE Elmer: Getting a little nervous?

You can roll them to June and pick up $0.60


I second the move unless Joe prefer being exercise and return to cash (like kash).

Gottfried



To: Elmer who wrote (80059)5/14/2002 4:26:45 PM
From: Joe NYCRead Replies (1) | Respond to of 275872
 
Elmer,

Getting a little nervous?

You can roll them to June and pick up $0.60


I didn't sell them at the day high, I got only $.30, but I will take assignment. My cost is about $11.70, and selling for $12.80 in about 1 month time is fine with me. Of course I will be angry with myself if the stock subsequently moves back to the $15...

Anyway, the 2nd half of my position has June 12.50 calls sold against the shares. I don't see the stock zooming out of its trading range, above $15, or going down below $10, so I am just trying to make a point, or half a point here and there.

Joe