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


To: Knighty Tin who wrote (40629)12/23/1998 2:32:00 AM
From: Merritt  Read Replies (2) | Respond to of 132070
 
MB:

I rarely keep an option until expiration, I either roll it out or sell to close. I just can't stand seeing the rapid deterioration of the time premium during the option's last three weeks. The only exception is when I'm using the option, usually in the money, as a proxy for the stock, or index, for short-term trading...but that's not very often, only when the devil shows up.<G>

Merritt