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Strategies & Market Trends : How To Write Covered Calls - An Ongoing Real Case Study!

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To: Uncle Frank who wrote (13578)2/5/2001 12:23:09 PM
From: Herm  Read Replies (1) of 14162
 
WHO SAID ANYTHING ABOUT BUYING OTM LEAPS?

Hello Uncle Frank,

I'm trying to figure out how I gave the impression of
advocating out of the money LEAPs PUTs or CALLs as the
buyer of LEAPs to perhaps write spreads. You will NEVER
hear that from me. Perhaps, I would write a spread that is
out of the money. But, I only buy and advocate DEEP in the
money LEAPs as surrogate for the stock. I wrote over pages
on the subject in my LEAPs Spreads Learning Modules. I'm
going to release a condense free version soon!

So, Uncle Frank. I'm sorry if you misunderstood my position
or I gave the slightest overtones of being a buyer of OTM
LEAPs.
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