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

To: country boy who wrote (1294)	5/1/2000 1:28:00 PM
From: Alan C. Zezula	Read Replies (1) \| Respond to of 4564

CB, I just wrote you a nice detailed note on my thoughts of trading LEAPS. It went poof &%$#%$##* in cyberland. In a nut shell I like the leverage and luxury of TIME when trading LEAPS. Yes you pay for time when you buy them but you are paid back for the time when you sell them. If you get a decent move in a stock in 6 months or less they work great. Time is the enemy of options as you know. I trade them routinely when and if I have doubled my initial investment of course this vary's with the individual's stk's mo. Al

To: country boy who wrote (1294)	5/1/2000 5:34:00 PM
From: Duane L. Olson	Read Replies (1) \| Respond to of 4564

CB, For what it's worth, back when I traded options more --- when I was trying to decide between near-term and long-term (including LEAPS) options, I simply made a decision about how much volatility I expected in the near-term market. Next, I made a decision about whether the bias of the volatility would be to the upside or the downside. Then, the more volatile the market, and the bigger my estimate of a bias to the upside, the nearer term the options I bought. If I expected less volatility, and expected there was a significant risk to the downside, I would buy the more distant options. Since I have found out that my results are better, over time, trading stocks, rather than options, perhaps this info isn't all that useful... but remember what you paid for it... <G> tso