MICROSFT "3:1 Stock Split"??? Message Board

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Technology Stocks : MICROSFT "3:1 Stock Split"???

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To: Tim Cruise who wrote (12)	10/11/1996 9:34:00 PM
From: Mephisto	of 21

Look at the options page in the Wall Street Journal. They have a special section for the most popular leaps. When I look at buying a leap, I might, for instance buy one contract (either a call or put) of 100 shares that expire some time in 1998. By contrast, I might buy a call or a put on an option that expires in November, December, 1996 or January or April, 1997. I do not believe you would define these options as a leap because they expire over a shorter period of time. You should look at information under the options section. I imagine an investor on one of the forums could define a leap for you. Or go to a Barnes & Noble or Borders bookstore. These stores will have books on options.

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