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Technology Stocks : Qualcomm Incorporated (QCOM) -- Ignore unavailable to you. Want to Upgrade?

To: codawg who wrote (55232)	12/20/1999 3:39:00 PM
From: Uncle Frank	Read Replies (4) \| Respond to of 152472

>> How does this <time premium is a function of the square root of time> give an incredible advantage to leaps? It allows you to buy a 12 month LEAP for twice the time premium of a 3 month call. >> Leaps only have a tax advantage if they are used as an investment vehicle, not as a trading vehicle. Dead on, codowg! That's why I characterized LEAPS as a poor trading vehicle in an earlier post. >> You can call the leaps Spud Webb if you want, but that makes the QCOM Jan `00 options Michael Jordan. That was an airball, codowg. I described LEAPS as Michael Ewing and calls as Spud Webb (big time till expiry vs. short; get it?). This discussion has gotten tedious; let's drop it. Good luck with your calls. Prosperous investing, Frank