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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED
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To: mtnlady who wrote (9449)10/24/2000 11:58:21 AM
From: Uncle Frank  Read Replies (2) of 65232
 
>> I wish I had LEAPS in NTAP. Very expensive.

That's the daunting part about LEAPS. It take a while to get comfortable with the huge time premium a volatile stock like ntap commands. But despite that, the LEAPS offer quite a bit of leverage over the common. I sold some ntap common on July 24 and replaced it with LEAPS. Here's a comparison of returns based on the price of the underlying at the time I bought the LEAPS:


                          7/24       RTQ       RETURN
NTAP                      110       141 1/4     28.2%
YHFAF (1/02 130 strike)    33 1/4    55 (bid)   65.4%


Actually, LEAPS make for extremely good trading vehicles.

uf
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