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Technology Stocks : athm - at home corporation
ATHM 24.25+1.6%Dec 12 9:30 AM EST

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To: Sam Citron who wrote (30)7/11/1997 8:14:00 PM
From: Ibexx   of 94
 
Sam,

I am both long and short on my LEAPS calls. I usually iniiated a position (or several positions for different strike prices) and ride the intermediate run, then short against the box, or rolled them into a further out-of-the money strike price. The "sweet spot" of an option is the strike price a couple of notches higher than the price of the underlying stock (where you have the largest increase in "delta". And I always want to catch those for maximum leverage benefits.)

You need to get into the whole thing a bit deeper to appreciate the subtle things.

Ibexx

PS: Let this be the final post on this subject. Thanks.
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