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Strategies & Market Trends : Tech Stock Options
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To: Henry D who wrote (58373)3/11/1999 6:55:00 PM
From: Terry Maynard  Read Replies (1) of 58727
 
I have never heard or read of that term. However, I have heard of buying LEAPS calls for example and writing options calls against them. So, you would have two positions and two transactions: buy the long LEAP call and sell the option call against the LEAP. Of course there are other possible combinations. Hope this helps.
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