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Strategies & Market Trends : Option Spreads, Credit my Debit -- Ignore unavailable to you. Want to Upgrade?


To: FRANK J who wrote (1421)5/4/2000 2:19:00 AM
From: Tim O.  Read Replies (1) | Respond to of 2317
 
My SLR strategy is simple. Buy deep-in-the-money LEAPS as a stock replacement and then write near-term calls to lower the LEAPS cost (or as income).

<<<xlnx long 85p/2002, short may 70>>>
I'm not sure I understand your strategy. Are you bullish or bearish on XLNX? Why are you buying deep ITM puts?
What would make more sense to me is long 2002 85C and short May 70C, but that's a strategy that's too risky for me.