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To: Egul who wrote (7017)	1/29/1999 12:40:00 AM
From: NW Bronco Fan	Respond to of 8002

I like #4 the best :-)

To: Egul who wrote (7017)	1/29/1999 11:36:00 AM
From: John E. Stanga	Read Replies (1) \| Respond to of 8002

Buy back the options and then write new options at a higher strike price. jes

To: Egul who wrote (7017)	1/29/1999 1:15:00 PM
From: D. Swiss	Respond to of 8002

This is a tough call. Momentum is against doing nothing. I would probably do option 1 at this point. :O) Drew

To: Egul who wrote (7017)	1/30/1999 4:19:00 PM
From: Greg Jung	Respond to of 8002

Egul, I was once in a similar position with 3com. In Aug 1996 I sold calls at 50 strike and in September the stock took off, eventually pushing 90 into 1997 when in March it crashed to 24. Of course I regretted the CC sale in Fall of 1996 because the stock price seemed so strong that I would never again be able to get back in. Most successful for me was the sale of Jan calls on a bounce after buying 1/2 the short October calls on the preceding dip. I was lucky to get a 6 point bounce within a single day. Going out a few months allows you to increase the strike price, with incremental profits. Either stay short the options by this rolling method or let them expire. Remember nothing goes up forever, especially stocks. Its a long time until mid February. Greg

To: Egul who wrote (7017)	1/31/1999 9:14:00 PM
From: yard_man	Respond to of 8002

Wait two weeks -- very possible that your calls will still expire worthless -- at the very least you will be able to buy them back considerably cheaper within two weeks. You will not lose anything by waiting a couple of weeks ... (Look at the chart -- GTW has a history of this) If the ninnies split the stock, let it be called away and buy puts shortly thereafter If you remain bullish -- do what John said if and only if you can do it for a net credit, otherwise forget it ...