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Technology Stocks : How high will Microsoft fly?
MSFT 454.66-1.1%3:59 PM EST

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To: Jean M. Gauthier who wrote (26019)7/14/1999 3:55:00 PM
From: ericneu  Read Replies (1) of 74651
 
"I bought 4 ZMF 95 Strike 2001 LEAPS on the 7th of April
for $ 2300 each.

Now I cannot understand that, since I bought them when MSFT was trading "around" $ 95, and with MSFT very close to it too now, that they are "ONLY" worth $ 2050 or so."
---

LEAPS will fluctuate based on both the remaining time premium (3 months have passed since you bought them) and the overall sentiment for the stock. In other words, LEAP pricing takes into account where people think the stock will go as well as where it is.

- Eric
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