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To: XOsDaWAY2GO who wrote (2960)	9/14/1998 10:37:00 PM
From: Thean	Read Replies (2) \| Respond to of 14427

Barbara, we are by no means "learned ones" but "still learning". Only people like the roman LT who has lived for two thousand years has learned enough. <GG>. Regarding rolling over your PTEN Oct 7 1/2 call option - The factors you need to consider is 1. How long do you think the trend will continue up; 2. How much price appreciation you expect by the time your option expires. If you think the trend will be up for the next few months, then you can lock in your profit tomorrow by selling your Oct option but simultaneously buying a further out (e.g. Nov or Feb) 7 1/2 option at a higher price by paying more for the time premium. Alternatively, you can buy Nov or Feb 10 call at a slightly higher price. However, if you want to trade and not buy and hold (with the risk of losing the entire option if PTEN closes below 7 1/2 by Oct expiration), you can sell tomorrow and lock in the profit. Let the stock retreats, then buy it again with another call. Of course, you may miss the train if you trade. Would it be better to exercise the option b/f the date that it would be called? Yes - the time premium typically tanks like an LT in the last week before the option expires.