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To: Broken_Clock who wrote (218179)1/31/2003 9:36:22 PM
From: yard_man  Read Replies (1) | Respond to of 436258
 
yeah -- everybody gets lucky once in a while -- the point is, you don't sit on intrinsic value and risk losing it.

Jan 2000 I got a 15 bagger on LU puts -- caved after the close one day.

I didn't know how to buy the shares AH -- but I didn't take any chances -- I bought the shares on the open -- with a profit like that there was no way I was going to wait until the options started trading, so they could jam the shares -- I didn't get the low price of the day, but close.

when you get over a 4-5 bagger and sit on it hoping for more that is stoopid with a capital S, IMO. Either roll down or sell part of the position ...