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

To: sammaster who wrote (59641)	5/18/1999 8:19:00 PM
From: Knighty Tin	Read Replies (2) \| Respond to of 132070

Samir, I own a slug of Dell puts: May 32 1/2, 35 and June 40s and 35s. When or if I sell is determined by price and my Mays are probably dead meat. I tend to roll down the same day I take the profits if I expect a huge winner in the dying stock. That is how I got the May options I now hold. If there isn't much left, as in Compaq right now, I sometimes sell my winners and hope for a bounce. I think Dell is a teenager on fair value, so I roll them down almost immediately. However, it also depends on how many I have in place. I am more likely to roll one third of a full position than 1/3 of a 1/3 position.