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To: freeus who wrote (81587)	11/20/1998 3:13:00 PM
From: T L Comiskey	Read Replies (2) \| Respond to of 176387

freeus........on the 3rd friday..oh say at 12;45 out here in california..you buy back your calls..and sell them the next month out.......usually at a higher strike price.......it CAN hurt you if the stock appreciates drastically.......you need to look at the CBOE options sheet to see...........you sold the 70 dec.....correct.....just to get an idea.......look at the 62.50 for nov......about to be called.......you buy back ....and roll out to dec 70......for about the same money......keeping the call premium...BUT moving the strike price up $7.50......pull it up ...and see ......take care...Tim