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Strategies & Market Trends : Options

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To: Dr. Id who wrote (1728)1/26/2000 11:57:00 AM
From: DownSouth  Read Replies (1) of 8096
 
Thread, I am trying to get my feet wet with LEAPS, so in trying execute my first trade, here is the problem I encountered:

I am trying to perform "Stock Replacement Therapy" (Roth, page 199)
To do this effectively, I need to sell the stock and buy DIM LEAPS at or near the same time. Minutes won't matter, but days well.

FIDO tells me that, because I have no cash, it can't be done. The reason being that settlement for Q LEAPS is 1 day. Settlement for Q stock is 3 days.

Anyone had any experience with this?

Thanks.
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