QQQ - Nasdaq 100 Trust Message Board

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Non-Tech : QQQ - Nasdaq 100 Trust

QQQ 621.08

-0.1%

Nov 12 4:00 PM EST

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To: Iceberg who wrote (382)	10/20/2000 12:12:18 PM
From: BUYandHOLD	Read Replies (1) of 840

Iceberg It is actually quite simple if you are into Options & LEAPS. In plain English it would go something like this: "When QQQ was @ 84, I bought 02,86c@18.5(WUGAH) and 02,82p@12(WUGMD)" Translation; "When QQQ was at $84.00 I bought LEAP CALLS for Jan 2002, strike 86 for $18.5 per contract. I also bought LEAP PUTS for Jan 2002, strike 82 for $12 per contract" WUGAH (designation for Year 2002 LEAP call for strike of 86) and WUGMD (designation for 82 put) can be found here. finance.yahoo.com explanation for QQQ=Nasdaq 100 unit Trust. I hope this helps. B&H

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