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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Knighty Tin who wrote (35437)	11/6/1998 1:29:00 PM
From: upanddown	Read Replies (1) \| Respond to of 132070

Mike What do you do in this type of situation: Cheap options very deep in the money. Big gains but little time premium even though they are 3-4 months from expiration. Do you take the money and run even if you think the underlying will continue to move in your direction ? I believe I heard you mention once that approaching parity is a good time to move on. Mine are VTS Feb 12.5 calls. I have about a four-bagger. Stock close to 22...call close to 10. Thanks, John