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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?


To: Voltaire who wrote (11768)11/5/2000 12:11:59 PM
From: im a survivor  Read Replies (1) | Respond to of 65232
 
<<I am looking to convert my shares to options at least out to May in order to take advantage of ALMOST every piece of MAJOR news to that should come out on RMBS. >>

I assume you are also doing this to take advantage of the leverage......what strike prices are you looking at? Probably a mix in the 70 - 100 strike range??

Thanks Keith



To: Voltaire who wrote (11768)11/5/2000 2:00:32 PM
From: RocketMan  Read Replies (1) | Respond to of 65232
 
Vster, curious why you would want to go out to May. A Feb 100 is around 6 1/2, and a May 100 is 10 1/2. Granted, you are only paying four bucks for three more months, but those three months include April. If the market has another run late this year and into January, you can bet a lot of folks will have their fingers on the trigger in March from last year's memories.

If you really want to ride through next summer, might be good to be in calls through Jan/Feb, then roll into common beyond that, what do you think?