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To: The Perfect Hedge who wrote (19746)4/20/1998 5:46:00 PM
From: Lucretius  Read Replies (2) | Respond to of 95453
 
<<<Tell me what you think...I have sept 100 calls....
I am thinking of holding those through exp and selling the immediate month when I see huge runups and pullbacks in order..then I buy those back.
Example--I'm looking to sell the may 100's maybe tomorrow based on the charts and then buy back a little cheaper when it pulls back.....GD>>>

LOL!! Beebs, I don't think there's any hope for you. You're a compulsive gambler, but I like you. Hope you find your pot of gold. If anyone can do it, I'm sure you will. Best of luck!

-Lucretius



To: The Perfect Hedge who wrote (19746)4/20/1998 5:59:00 PM
From: Big Dog  Read Replies (1) | Respond to of 95453
 
GD -- You can't sell calls unless you own the calls already and are closing your position, or unless you own the stock. I don't think you have a few hundred shares of PFE sitting around....do you?

Maybe I misunderstood what you said, but sounded like you were talking about selling calls -- and not the ones you already own.

big



To: The Perfect Hedge who wrote (19746)4/20/1998 6:02:00 PM
From: Broken_Clock  Respond to of 95453
 
To me, the whole point of speculating in buying calls or puts is to take advantage of extraordinary price movements, either up or down. Once that movement slows or changes direction...get out.