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Fool"s Help me decide ?

I have a CMI Diagonal and need some much needed advice.


BTO Jan 13 $75.00 Call $43.83
STO Dec 12 $115.00 short call $ 3.04

With CMI currently trading at $100.57, the short call likely will expire worthless. BUT the long call Premium is currently valued at $ 25.60. ($100.57-$75.00=$25.57). Therefore no TV is remaining.

So my question is should I roll the $75.00 long call NOW. and pay for another year? The Jan 14 $75.00 Calls are around $33.00. And keep selling short calls against any long position that I hold.

I have sold 2 earlier short calls against my long CMI position and collected the premiums, but have not made enough to simply close this position.


Many thanks for any advise would be greatly appreciated,


Deek
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