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To: freeus who wrote (104523)2/24/1999 1:33:00 PM
From: PAL  Read Replies (1) | Respond to of 176387
 
You are still precious and shine on this thread.

As always, good luck.

Paul



To: freeus who wrote (104523)2/24/1999 2:42:00 PM
From: Chuzzlewit  Read Replies (1) | Respond to of 176387
 
Freeus, you could roll your options as others have suggested, but here's another idea. Right now your options have around $1 in intrinsic value, the rest is time value which erodes. Nobody knows where the price of the stock will be, but let's assume you get assigned, and that the price of the stock has risen to $90. You could then sell an April $85 or $90 put which will probably put you $$$ ahead, ignoring tax considerations. In effect you are agreeing to buy the stock at the strike price less whatever premium you receive for the put.

TTFN,
CTC