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Strategies & Market Trends : Giant LEAPs...
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To: Alan Smithee who wrote (80)4/4/1997 10:43:00 PM
From: William H Huebl   of 315
 
Hi again David,

I paid too much - $1 1/8th. Could have gotten it later for $1... maybe less.

I have used the price, date, stock price etc to figure what the option price should be when HM trades at 13 1/2 in 2-3 weeks... I get around $2. So I will put an order in to sell at $1 7/8. Not exactly a doubler... but a healthy profit. Remember, when you buy longer term options and in-the-money options, the prices behave similar to stock prices... not as dangerous to your wealth.

And those are rules also... always enter a sell order after you buy and get near the money or in the money options.

Regards,

Bill

PS If you have to sweat brokers fees and entry-exit prices down to the penny, you probably are doing something right.
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