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

To: BSGrinder who wrote (55430)	4/10/1999 7:02:00 PM
From: Knighty Tin	Respond to of 132070

Kit, Using dollar numbers, if I have an option position that cost me $1000 and I am now rolling down, no matter what the profit level is, I roll down into another $1000 of options at the new price. The profit, whether a double or a 1000%er goes back into the 90 part of the 90/10. True, over time as the 90% builds up, the size of a full position builds up with it (you'd never guess this, but 10% of $100,000 is more than 10$ of $100 <g>). But that usually makes no difference on one roll. MB