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Technology Stocks : How high will Microsoft fly? -- Ignore unavailable to you. Want to Upgrade?

To: Bill Holtzman who wrote (29132)	9/4/1999 10:28:00 AM
From: t2	Read Replies (1) \| Respond to of 74651

Bill, I have not gone beyond the 100 strike price for MSFT january options. I tend to invest more near the money meaning a little less downside in case the market goes up slowly upto January. I have started looking into leaps and prefer the 2002s, which are just slightly more expensive than the 2001s. The next time you buy leaps, just look at the much narrower spreads. On the next pullback (if it happens), i plan to buy more Januarys and lots of leaps. This is one of the best companies to buy options in, simply due to the low volatility and the cheap prices. Everyone knows that MSFT can be very explosive at certain times and that is when you can make it big on cheap options. I also plan to play some very very cheap calls for January in November or December----i want to go about $15 out of the money with less than 2 months remaining OR go $10 with 2 weeks remaining. It really all depends upon how the market behaves up until late this year. If it keeps going up and up, it would be hard to play the very out of the money calls. However, it is slows down or goes sideways to year end----i might even go further than $15 out of the money with less than 1 month remaining. I guess it is going to be just a matter of seeing how the market behaves in the coming months before one makes a decision. Best of Luck. I am glad you know that you are holding options. BTW--I realize that it is much better to plays options in a safe stock like MSFT rather than buy peculative stocks. I still think options in Intel are just as good this time.