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

To: Poet who wrote (6263)	4/11/2000 12:01:00 AM
From: Sam Sara	Read Replies (1) \| Respond to of 8096

I'm anticipating buying LEAPS sometime in the next 1-2 weeks. Likely targets are BRCM, LSI, NT, ORCL, and QCOM. As a novice, some basic questions: 1) Last two V bottoms have been very rapid, and I have found it difficult to buy stocks rapidly enough near bottom. Given modem access and standard on-line brokers, what is the best way to approach buying LEAPS on 5 different securities in a fast moving market? I am thinking of trying to buy those LEAPS that are most heavily traded, so that executions will be rapid. Based on stocks, when trying to buy a basket of positions in a fast market, it is best to just put in market orders and take your lumps on fills. True for LEAPS as well? 2) Based on what I have read, there seem to be two basic approaches to buying LEAPS- buy ITM as an investment OR buy deep OTM but far out as speculation. I am favoring buying Jan 2002 to lessen time decay which seems to seriously kick in at about 8 months from expiration. This is where I am unsure of what to do- is there a reasonable middle-of-the-road strategy of buying 10-25% OTM LEAP calls? Or am I missing something basic here?