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Strategies & Market Trends : Options -- Ignore unavailable to you. Want to Upgrade?

To: Girish Patel who wrote (477)1/1/2000 9:13:00 PM
From: Jill  Read Replies (2) | Respond to of 8096
 
QCOM Jan 2002 LEAPs are at 56-59 and LEAP puts are at around 61. A synthetic long of these options can be done with credit and looks quite attractive as well for longer term players

Really interesting post. I highlighted the above to be sure I understand it. You would sell a leap put for 61 and use it to go long a leap call at about 59? Thus most likely pocketing the premium for the leap put, and also reaping benefits on the call? But you didn't mention which strike price...I assume 200 because you said you'd have no problem buying at 140 (200-60)



To: Girish Patel who wrote (477)1/2/2000 9:02:00 AM
From: Poet  Respond to of 8096
 
Thanks, Girish, for that "chock-full of good information" post. I particularly appreciate your delineating the scenarios for exiting the CMGI trade.

I agree, there are some wonderful situations out there -- on strong companies -- begging to be bought. This is just the kind of informative post that will enrich us all. Thanks so much for your generosity.

PS: I've printed out your post and , no it's not too long!


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