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Strategies & Market Trends : cash flow investing for retirement -- Ignore unavailable to you. Want to Upgrade?


To: GROUND ZERO™ who wrote (89)2/29/2012 4:35:00 PM
From: tyc:>Read Replies (1) | Respond to of 94
 
Hi GZ !

We play a different game: You bought back a short term o/m call and sold a very long term one. I would have allowed the S/T call to expire, either to call away my stock or to expire worthless. The erosion of time premium is faster as expiry approaches. That advantage is not to be surrendered lightly. But i guess longer term calls have their attraction too, eh ?