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

To: Jill who wrote (7666)	5/7/2000 9:24:00 PM
From: Tom K.	Read Replies (1) \| Respond to of 8096

...I picked up some ORCL leaps recently. It's extremely strong. Leaps are relatively cheap too.... Just my two cents..... the market is currently in a downward trend. Even the best stocks can get swept into the trend. It could certainly change before the year is out, however markets often trend in the same direction for awhile. Assuming your LEAPs are CALLs (bullish) and you want to play the up side, I'd simply suggest cautiousness until a clear reversal shows itself. Tom

To: Jill who wrote (7666)	5/8/2000 6:50:00 AM
From: Atin	Read Replies (2) \| Respond to of 8096

Hi Jill, I've actually got ORCL slightly ITM 02 leaps -- I guess I'm optimistic in the 02 time frame and I didn't want to miss any sudden upmoves in the "favorites" while waiting for the trend to change. I'm still 75% in cash since mid-march but have decided that overall that wasn't a good idea (except for in things like EXDS, ARBA etc!). From now on I'm going to sell outright or buy puts on the most scary parts of my holdings (depending how much I love my shiny pebbles) and sell covered calls on my favorite gorillas and kings to manage risk instead of just going to cash. Naked puts seem like the right thing to be doing soon on things like ORCL but after this last mini-crash (mini-crash 'cause I was in cash in march!), I'm leery of them. -Atin