MUCH appreciated reply. A few lightbulbs went off n my head as I was reading it. Thank you for the common sense explanation of the intrinsic and time values. It now makes sense to me that the time is valuable because the stock MAY keep going up and it doesnt care how far IN THE MONEY I am. I am thinking I will set a target price of about $19 and if that happens, I will sell and add the cash, and buy 100 shares for lesser price than it is currently at. If it keeps rising, I will maintain a close eye and look for the next dip and reset my target price with the same game plan. Thanks for your time on this one.
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