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Technology Stocks : Y2k : effects on non Y2k related stocks
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To: Ken Crounse who wrote (28)7/24/1998 9:23:00 AM
From: Geoff  Read Replies (2) of 54
 
Ken,

You are correct. To my knowledge both the DJX and SPX are European Style. But my question to you is, why would you want to exercise these LEAPS? I would want to trade them, the market will likely not really take a hit until next year as the Y2k gets closer. By then, those LEAPS will be much more liquid, especially if the indexes are extremely volatile, which I think they will be.

My strategy is to buy the LEAPs on the Put side, and trade them as a pure option play sometime in late 1999 when my guess is that they'd be in the money. Then cash out and take the profits and start buying into the sell-off.

later,

geoff
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