How To Write Covered Calls - An Ongoing Real Case Study! Message Board

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

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To: Douglas Webb who wrote (5765)	11/4/1997 2:02:00 PM
From: mc	Read Replies (2) of 14162

Actually, Doug, after looking at the AMD options on CBOE, I don't think it is a LEAP. There is only one duplicate at a strike of 47.5 and has a bid of 7. Since AMD is in the 20s, that LEAP would have to be quite a way out. I don't follow AMD at all, but, was there a split or something? Kind of a coincidence that the strike is about twice the current price. Not only that, but, the LEAPS use a different base symbol than the normal options. So since the base code is still AMD, I don't think it's a LEAP. Sorry for steering you in the wrong direction. Gary

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