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

To: garyx who wrote (1960)	1/31/2000 2:35:00 PM
From: Jill	Respond to of 8096

A number of people here have invested in CREE and it does look good. I believe RocketMan may have bought some calls. As you have noticed I bought NTAP calls this a.m. They don't have leaps as of yet.

To: garyx who wrote (1960)	1/31/2000 2:46:00 PM
From: Poet	Read Replies (1) \| Respond to of 8096

Hi garyx, Welcome to the thread. I'm not I qualify as one of the smart people, but I'll give you my two cents: I'm very heartened by QCOM's strength today and have bought lots of calls this afternoon: The July 100's (AAFGT) at about $35. The Jan 2001 100 strike LEAPs (ZQIAT) at about $44. The Jan 2002 50 strike LEAPs (WBIAJ) at about $79. I also bought CREE calls: The March 50's (UMPDF) at $41 And NTAP calls: the March 60's (NJQCL) at $37. So we're thinking along the same lines. Notice that all the optionss I've bought today are in the money, some are deep in the money. These cost more, but they tend to move up with the underlying stock almost point for point. There are others here who can also make a case for buying out of the money, and I'm sure they'll share that with you. I'm a little leery about RMBS at this point and am not following it. Maybe someone else here can help. Were either freeus or LoF talking about RMBS?

To: garyx who wrote (1960)	1/31/2000 2:49:00 PM
From: SecularBull	Respond to of 8096

RMBS is about one of the most volatile (yet predictable, to this point, at least) of all of the stocks that I've ever owned. If you like the technology, today's a great day to buy, IMHO. I have no position. I'd look at the Jan '02 $70s, if I were buying. LoF

To: garyx who wrote (1960)	1/31/2000 2:52:00 PM
From: garyx	Read Replies (3) \| Respond to of 8096

Clarification I don't want anyone to get the wrong idea on my feelings about our legendary Father board. I have grown up there in many ways, learning about the powers of analytical thinking and theoretical consistency. I have never been poorly treated there or felt unwelcome. My ideas have all been responded to with respect. That board is great and this board is great: just wanted to make sure people knew where I was coming from! GaryX

To: garyx who wrote (1960)	1/31/2000 6:44:00 PM
From: RocketMan	Read Replies (1) \| Respond to of 8096

I've got 2002 leap calls on qcom, csco, emc, aol, and twx. I have calls, as far out as possible, on those that don't offer leaps: jdsu, cree, and gmst. Before you invest in leaps, be certain that you are a ltb&h. They have more volatility than the common, and when the common goes down, the leaps really go down. Same thing on the way up. What I have done is keep them in a separate account so I don't even look at them (well, I cheat a little, I peek when they are up). The calls are more problemmatic, because they are shorter term, May through August. My bet is that the stock will appreciate significantly within the next 2-3 months, enough to make up my premium, before the time premium deteriorates. I would not really classify that as a ltb&h gg strategy. Unless you are certain about what you want to do and the risk involved, just stay with the leaps and buy the common on those that don't offer leaps yet.