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

To: Poet who wrote (56327)	12/23/1999 1:31:00 PM
From: Kayaker	Read Replies (2) \| Respond to of 152472

Actually, my question was about the 2001 LEAPs, which will convert to 2002 LEAPs in May of 2000, whether to roll them out to the 2003's at that point. I'd think you'll be very happy with your return until 6 months before your 2002 expiration (May 2001). At that point, you'll be very DIM and may want to exercise instead of selling the LEAP and rolling out. Any other opinions? Well since you asked..... <g> my question was about the 2001 LEAPs, which will convert to 2002 LEAPs in May of 2000 2001 LEAPS convert to regular puts and calls, still expiring in Jan 2001. until 6 months before your 2002 expiration (May 2001). At that point, you'll be very DIM and may want to exercise It's never a good idea to exercise before the day of expiration. Just ask yourself what you gain by exercising early. The answer is: nothing. What you lose is the use of the money (you purchase the stock with), and the ability to change your mind (if company or market factors change), between the time you exercise (early) and expiration. (Note: There are obscure dividend and arbitrage situations where exercising early might make sense.)