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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: yard_man who wrote (79964)	4/23/2000 11:54:00 AM
From: Knighty Tin	Respond to of 132070

Tip, though I do measure premiums with models, my main decision point is my homerun factor. As I've often stated here, I like to buy puts and calls for the chance to get multiples of my gamble, er, investment. <g> Leap options have been taboo for this strategy for a long time. Some of the shorter term options have not, and I still have out of the money puts on a few stocks. But the Leap premiums of 30-50% leave no room for a homerun and plenty of room for credit spreads.