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To: vip who wrote (93509)2/1/1999 3:05:00 PM
From: Jim McMannis  Read Replies (2) | Respond to of 176387
 
Anyone seen Mohan?



To: vip who wrote (93509)2/1/1999 3:09:00 PM
From: freeus  Respond to of 176387
 
re is it time to sell the DELL 100 calls
I would say so and this is why:
When you have a GOOD profit on options, its always very very healthy to make it cash, because the market is so fickle and the options are time sensitive. My options mentor always says to me "I never feel badly about someone else selling a call for more than I sold it for when I have a profit." I think that's true.
What you could do however, is sell about half of yours, locking in a great profit (and of course having all of your original money back) and give the rest one or two more days. After that its too much like gambling.
JMHO (and remember I've only been doing options since September 1998!)
Freeus

More info:
I just sold my calls (all 10 of them) I had a limit order in as I wanted at least 13 to get my quintiple and cover commissions. It filled just a little at a time: first 2, then 1 then 1 finally the last 6. since it took well over an hour I'd say the party may be over for a short time.
Best wishes to everyone.
Another great DELLISH day!