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

To: taxman who wrote (5582)	3/27/2000 11:50:00 AM
From: Gregory	Read Replies (1) \| Respond to of 8096

Taxman! Let me see if I understand your strategy correct: 1. must be a good tech stock that you would niot mind to own; e.g. CSCO, LU, SUNW, etc,etc. 2. buy LEAP calls 20-25% OTM. Probably does not really matter if stock went down during the day 5%? 3. LU example. Today LU is 64 1/2. January 2001 calls (strike 64 + 25% * 64 = $80) is 7 1/2. 4. Is that right choice? Would you do exactly that? UIThanks for The

To: taxman who wrote (5582)	3/27/2000 12:32:00 PM
From: edamo	Read Replies (1) \| Respond to of 8096

taxman...."1995 liquid net worth" and if you were to examine the myriads of positions that you have open at any point in time, then perhaps the secret to your real success was buying otm calls in a few select hyper growth issues? consistency year in and year out, regardless of type of market and ability to use all strategies available, equates to above average long term performance....1995 not so long ago, especially when your "stellar performance", is coincidental with the beginning of the great bull run.... easy to hit a target, when it is the size of a barn....... regards...eaa p.s....is it possible that some of us were both buying and selling options from the seventies till present?.......and this fact alone allows for a less then myopic view?.... they are all good taxman, buy or sell side...... as long as you know how, when and why