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

To: wlheatmoon who wrote (46605)2/11/1999 2:34:00 PM
From: Don Lloyd  Read Replies (1) | Respond to of 132070
 
(If the stock and market tanks, I'll buy back the options and sell it again. )

Selling the July 90's sounds reasonable if you don't want assignment, but on a market tank you usually don't have an opportunity to usefully re-write except at much lower strikes, giving you a locked-in loss (relative to current levels, not over the long term position).

Regards, Don


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