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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: chowder who wrote (95115)1/16/2002 10:14:27 AM
From: Tommaso   of 95453
 
I keep dealing in LEAP options (in 1999 and 2000 it was puts on tech stocks, and presently puts on the Dow and QQQs) because I hope to get long term capital gains.

So I actually have a one-year horizon for my calls on NEM. Because I bought too early on some of them, I am just now at about ther breakeven point, but any further moves up in NEM should be very profitable for the puts. The last batch is up about 15% or so. CORRECTION: they are up 26%

But when these things move, they move so fast and so far that I am afraid to hold on, so I have been doing my part to preserve the budget surplus and pay for the war in Afghanistan with taxes. <G>
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