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Hi,
At Date: Thu, 1 Nov 2001 20:04:03 -0500, Norman wrote;
"If you can't get out of a deep in the money call for a
reasonable amount,
short the underlying. You can then, at your convenience, either unwind
the
resulting spread,
wait for the market to make a big reverse and make more money, or if all
else fails, exercise your calls to make it all go away. The difference is
that this way you don't incur extra expenses until toward the end and
then
only if needed. The way you did it, you pay upfront and commit to pay
more."
When I traded options, this worked well for me too, especially where
the calls auto-exercised at expiry.
Trading with good feelings, Ric.
www.traderscalm.com
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