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

To: freeus who wrote (2400)	2/8/2000 3:45:00 PM
From: David Weis	Read Replies (2) \| Respond to of 8096

Hi Freeus --- When buying LEAPS, I almost always purchase the furtherest OUT of the money. Reasons: usually the cheapest, and I get maximum leverage for my money. I just recently sold a bunch of EMC 2001 and bought EMC 2002. The 2001s were the highest strike price available when I bought them, and I bought the highest strike price available on the 2002. Naturally, I now own a bunch MORE contracts. As I recall, this strategy has only worked for me on LEAPS. still thinking about some puts, here.....to pull the trigger or not? THAT is the question. daw