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Strategies & Market Trends : The Thread Formerly Known as No Rest For The Wicked

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To: MARK C. who wrote (23341)4/3/1999 9:00:00 PM
From: Jeff O'Brien  Read Replies (1) of 90042
 
Re: Leaps

Does anybody on this thread understand Leaps real well? There was a question on the FORE thread about somebody selling calls at a strike price of 30 for Jan. 00. His question was what happens to his Leaps if FORE is bought at a cash price of $28?

Anybody know the answer???

I think the buyer gains and the seller loses.

People on the other thread think it's just the opposite (because the stock will never reach 30).

Jeff
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