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

To: Don Lloyd who wrote (46604)	2/11/1999 2:25:00 PM
From: wlheatmoon	Read Replies (1) \| Respond to of 132070

Thanks. Didn't really want to have it call away, so took the middle road and sold it for time premium over price premium (I think). Sold july 90 calls for 4 3/8. If it gets called away, then I've got about 12% locked in over 5 months period (in addition to prior gains--long term capital gain). If the stock and market tanks, I'll buy back the options and sell it again. The high for JNJ has been around 89 and change, so I don't really expect it to reach 90. Anyway, that's my thinking. Probably a dumb novice thing to do, but I'm open to comments and critiques. It was a small trade, so it's a nice way to learn. I make a little money in a stock that I like. I'm sure I could optimize it for a higher return, so I'm open to suggestions. Thanks for your thoughts. mike