Options Message Board - Msg: 13596111

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Strategies & Market Trends : Options

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To: tekboy who wrote (7635)	5/6/2000 9:54:00 AM
From: edamo	of 8096

tekboy..."underwater leap calls" market closer to the bottom then top...bad time to sell common stock that you feel has sold off for no real fundamental reason....but remember the leap is finite and even as stock moves up, your leap premium will erode due to time factor... inspite of what is constantly posted there exist no "repair" strategy for a purchased option...you can only "repair" sold options....hit the reference books and you will discover this...when you attempt a "psuedo repair" of a long call it at times entails loss of capital, which in a less then strong momentum up market will cause a total loss.. you are learning the risk of options...

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