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Strategies & Market Trends : Gorilla and King Portfolio Candidates -- Ignore unavailable to you. Want to Upgrade?

To: Jean M. Gauthier who wrote (5269)	8/24/1999 11:24:00 AM
From: chaz	Read Replies (2) \| Respond to of 54805

I'm learning from this discussion between yourself and GM. Having read the book, LEAPS, I still don't know if I understand it well enough to place a bet. What a dunce! Hey, come to think of it, maybe I'm Duncelot...I sure feel that way some days. Please continue this conversation with GM until you/s/he gets it right!

To: Jean M. Gauthier who wrote (5269)	8/24/1999 11:27:00 AM
From: Wyätt Gwyön	Read Replies (1) \| Respond to of 54805

Jean, the comment about giving away nine months of premium was referring to the idea of exercising an option nine months before it expires. You could do that, but you'd be giving nine months of premium away. You could, of course, sell the option and then do whatever with the proceeds (like buy more options with later expiries and a higher strike). In that case, you could certainly sell somebody else your premium. Again, the idea of exercising applies if you get your calls into the money by expiry, and want to hold common and delay a taxable event. HTH, Greg