IBM Message Board - Msg: 10651016

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Technology Stocks : IBM

IBM 295.33

-0.3%

10:15 AM EST

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To: Mr. Tomatohead who wrote (5469)	7/26/1999 3:09:00 AM
From: WebDrone	Read Replies (1) of 8220

Options info for TomatoHeads Sheesh! Watch out for options, my friend. They are the 48" chainsaw of the investing world. Great power tool, if you don't cut your leg off. cboe.com cboe.com quote.cboe.com A LEAP is just an option that expires more than 9 months out. When the time decays to less than 9 months, nothing happens- it just joins the regular series. No big deal. I like "Options as a Strategic Investment" by Lawrence G. McMillan. $50. Given that IBM is a great buy-and-hold candidate, pays a dividend, and a hundred shares is a load of cash- I wonder about buying leaps on IBM if you don't know how to find the quote! I'm no options pro. I have been making minor options trades to learn the ropes, in anticipation of the day when I will really need or want to know how they work for a special situation. Web

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