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Pastimes : G&K Investing for Curmudgeons -- Ignore unavailable to you. Want to Upgrade?


To: tekboy who wrote (5776)9/1/2000 4:11:44 PM
From: Uncle Frank  Read Replies (1) | Respond to of 22706
 
>> Only real downside is the need to pay ST cap gains.

Unh, those trades were in a sheltered account. I hold the stocks/leaps in my cash account for at least a year and a day.

>> simple, sensible, interesting.

If it wasn't simple, I would have never thought of it in the first place.

cuf@simplysimple.com



To: tekboy who wrote (5776)9/1/2000 4:12:43 PM
From: Pawhuska49  Read Replies (1) | Respond to of 22706
 
Seem to be some assumptions here

1. Buy LEAPS calls, either ATM or OTM.

2. Let them appreciate.

3. When there has been substantial appreciation, roll out some into the same number of contracts at a higher strike (ATM or OTM) and/or later expiration.

4. Sell the remainder, take the profit off the table.


But I'm making the same assumptions about other stuff.

mpw@anASSsoutofUandME.edu