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Technology Stocks : How high will Microsoft fly?
MSFT 478.53-1.0%Dec 12 9:30 AM EST

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To: Bill Fischofer who wrote (51266)10/16/2000 2:21:40 PM
From: sandeep  Read Replies (1) of 74651
 
Bill, in such cases, it is better to buy short-term out of the money options. If the stock collapses contrary to what you expect, your leaps will get killed too. Your loss will be minimal if you buy Oct/Nov 55 calls if you expect a strong pop after earnings. CNBC hasn't been alone in carrying water for the "PC is dead" crowd. MSFT has done it itself to a certain degree...

Just MHO.
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