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Strategies & Market Trends : Gorilla and King Portfolio Candidates
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To: Uncle Frank who wrote (8109)10/24/1999 4:14:00 PM
From: Mike Buckley  Read Replies (1) of 54805
 
Frank,

As I understand it, LEAPS are a fairly conservative approach, provided you sell them at least 9 months before expiry, when their massive time value begins to decay. This means I need to close my position by 3/1/00.

I think a more conservative approach would be to buy LEAPS as far out as possible and, when practical, soon after they come on the market. That puts time on the investor's side as much as is possible and for taxable accounts ensures delaying payment of long-term capital gains taxes. The combination reduces risk and maximizes returns.

--Mike Buckley
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