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To: James C. Mc Gowan who wrote (51923)7/17/1998 2:48:00 PM
From: broken_cookie  Respond to of 176387
 
That's exactly what a rollover is. You'll have to come up with some cash to buy the premium or buy fewer contracts. You better decide quickly, because if you don't sell the july's, you'll have to buy the shares at 4:02 pm.



To: James C. Mc Gowan who wrote (51923)7/17/1998 2:49:00 PM
From: VICTORIA GATE, MD  Read Replies (1) | Respond to of 176387
 
James C. Mc Gowan

you can do a exchange option jul to aug



To: James C. Mc Gowan who wrote (51923)7/18/1998 12:46:00 PM
From: VICTORIA GATE, MD  Read Replies (1) | Respond to of 176387
 
James C. Mc Gowan

re<What is a "rollover"; is this simply selling July and then quickly buying Aug or later with the proceeds? >

you can do call "debit spread" in same stock underlying or in the same position ( call to call, put to put) by setting the spread you want and tell your Brokerage they will take care for you

good luck

vg


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