Herm:
In post #4976 you wrote:
>"Could you share your experience with trading LEAPs for the readers. Personally, I never traded them. Example, do they move up/down much with the price?"
Yes, they move up/down according to their delta. The closer to a
1 delta, the closer to a dollar for dollar move with the underlying
stock.
> Do you have any problems with getting orders filled?
I have not had any problems with a fill; and, in fact, i was able to get filled in between the bid and ask on my deep in the money ASMLF position.
>Do you limit buy LEAPs.
I almost never place a market order. A limit order puts you in
control.
> Do you write any CCs on them?
> That I still can't understand but read in McMillian's book can be done!
I have not as yet, since i don't want to limit the upside now. However, it is always an alternative. You can read about LEAP's in McMillian's book. He covers them, and everything about options, very well.
Remember, I'm just beginning to learn about LEAP's also, so you are
asking a novice. My opinion isn't limited. My experience is limited
also.
The people that can really explain these investment vehicles are:
1. Volunteer - See post #4576.
2. Dick Jurgens - See post # 4549, 4567, 4548, and 4564.
3. Thin Man - See post #4783.
4. Philip B. Reitano - don't recall the exact post - try around post
#4548, plus or minus 50 or so posts.
These people are much more qualified to answer your questions. |
