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Strategies & Market Trends : How To Write Covered Calls - An Ongoing Real Case Study!

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To: Casaubon who wrote (12247)1/25/2000 8:28:00 AM
From: Herm   of 14162
 
Hi Cas,

You all make valid points about giving up so much time value in the LEAPs if you have viable alternatives. The LEAPs are a great revenue stream that should not be dumped so soon.

I have to chuckle! I noticed yesterday the slogan the CBOE uses to market the LEAPs. "Why own a stock, when you can lease a LEAP?" The comparison to a car lease fits the bill. The moral of the story. Don't buy a LEAP and write spreads if you plan to let go of it anytime soon! :-)
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