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To: freeus who wrote (74784)10/27/1998 7:34:00 AM
From: Joseph Francis Torti  Read Replies (2) | Respond to of 176387
 
Help Like an idiot I sold half of my Dell yesterday at $62.00 now I have the other half on November 60 covered call that I was paid 471.00 minus comm. I still have 7 points to break even for my portfolio high for the year. What would you serious options players do here? Would you buy more long and keep the covered options? Or would you buy back the covered and give back about 650.00 ( now that I sold I expect dell to gap 3 point at the open) and move the covered call to nov 65 paying 3 1/8 before the open? Or would it be better to go long and move up the November covered call at the same time. I expect dell to see at least $65.00 or better by November earnings date and closed to 60.00 or less at options expiration date. Thanks Joe



To: freeus who wrote (74784)10/27/1998 5:59:00 PM
From: Matthew G Buetow  Read Replies (1) | Respond to of 176387
 
freeus:

It went very well. Unfortunately, there were only 5 people there, but we talked for over an hour. As more and more people hear about the club, I think the chats will be better and there will be more of them.

Happy Investing

Matt


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