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Politics : Ask Michael Burke
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To: Skeeter Bug who wrote (43000)1/12/1999 6:48:00 AM
From: Tommaso  Read Replies (1) of 132070
 
LEAP volatility is much greater than the underlying stock but much less than nearer, further out-of-the-money options. I am not playing these for a day, a week, a month, or even a year, but rather on what may be the somewhat higher probability of a return of more rational values over a two-year period.
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