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Strategies & Market Trends : How To Write Covered Calls - An Ongoing Real Case Study! -- Ignore unavailable to you. Want to Upgrade?

To: jebj who wrote (9034)	11/13/1998 10:28:00 PM
From: Resry	Read Replies (2) \| Respond to of 14162

Hi all! I stumbled across this sight and find it helpful. However, this is my current situation. I own AOL at a low price. When the stock was recently at about $111, i sold a 120 call at about $4. The stock is now around $140. If I want to maintain my long position, should I buy the call back now or on expiration day (next Friday), or is there any other strategy I can use. I've done this a few times over the past few months, but have been lucky enough not to have been called, and have picked up about 15 points. All suggestions appreciated.