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To: PAL who wrote (220)12/28/1999 9:28:00 AM
From: edamo  Read Replies (1) | Respond to of 8096
 
paul.....best play for the am

puts
not so glamorous..... athm feb45 ahq-ni, sell at 7.5 or better limit,adjust up/down based on price/action after the first hour of trading. should return 2+ in the next two weeks. underlying getting very oversold, fundamentals intact....

crumbs add up.......



To: PAL who wrote (220)12/28/1999 9:30:00 AM
From: RocketMan  Read Replies (1) | Respond to of 8096
 
finally, always words of caution: watch your margin... ETrade treats leaps as cash transactions (I assume everyone does), and it does play havoc with your margin. When I buy a leap, my equity percent goes way down, because the value of the leap is not calculated as part of my equity, so subsequently I get a much lower margin % (higher amount of margin), which could result in a margin call. Not a problem in the long term, since I plan to get out of margin as soon as the new year starts by selling some of my winners and buying more leaps.