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Strategies & Market Trends : Options

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To: garyx who wrote (1960)1/31/2000 2:46:00 PM
From: Poet  Read Replies (1) of 8096
 
Hi garyx,

Welcome to the thread. I'm not I qualify as one of the smart people, but I'll give you my two cents:

I'm very heartened by QCOM's strength today and have bought lots of calls this afternoon:

The July 100's (AAFGT) at about $35.
The Jan 2001 100 strike LEAPs (ZQIAT) at about $44.
The Jan 2002 50 strike LEAPs (WBIAJ) at about $79.

I also bought CREE calls: The March 50's (UMPDF) at $41

And NTAP calls: the March 60's (NJQCL) at $37.

So we're thinking along the same lines. Notice that all the optionss I've bought today are in the money, some are deep in the money. These cost more, but they tend to move up with the underlying stock almost point for point. There are others here who can also make a case for buying out of the money, and I'm sure they'll share that with you.

I'm a little leery about RMBS at this point and am not following it. Maybe someone else here can help. Were either freeus or LoF talking about RMBS?
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