Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Gateway (GTW) -- Ignore unavailable to you. Want to Upgrade?

To: D. Swiss who wrote (7016)	1/29/1999 12:34:00 AM
From: Egul	Read Replies (5) \| Respond to of 8002

Boxed in with my Covered call... Help! I bought GTW @ 62 1 1/2 months ago. It fell to 53. I then wrote a Covered call for a Feb 60 @ 3 thinking there's no way it would go over 60 by expiration. The CC is now worth 11 5/8 If I let the call expire I net 1=(60+3)-62 and forefit the stock. I've got quite a few shares and would like to keep the stock, obviously. What's a good strategy here? 1) buy back the call and use the (11 5/8 - 3) as a tax loss and keep the stock???? 2) Wait and see if GTW slides back a little and let the premium decay some more and then do 1)? 3) Let the option expire, and just chalk it up to experience. 4) Buy back the option, sell the stock, and bet the money on the Broncos! Any help would be appreciated.