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Author: JazzBuph One star, 50 posts Old School Fool Motley Fool One Everlasting Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 124  
Subject: Expiring call option? Date: 11/16/2009 2:47 PM
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I'm wondering about the current option strategy on WAT. If I hold the current put/call, the shares will be called away at the end of the week at 55, while the shares are at 61+.

Between the put and the call together, I'm sitting on a loss of approx. $215. However, if I let them expire and lose the shares, I'm giving away 6+ points of gain on the stock.

Wouldn't it make sense to close out the options and take the loss, still hold onto the shares, and look to do another (successful?) options trade going forward?

Thanks for any thoughts.

JB
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