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Technology Stocks : JDS Uniphase (JDSU) -- Ignore unavailable to you. Want to Upgrade?

To: Robert who wrote (18219)	2/11/2001 12:17:07 PM
From: t2	Respond to of 24042

Wouldn't it be better to sell the 03 sunw leaps and own the stock.......or is it a case of buy long dated calls or leaps and sell short dated ones It would make sense to sell the covered calls and buy the stock if you feel the market won't go up too much in that time. However, if you feel we are at a bottom, it makes sense just to buy the calls. I have not decided which I plan to buy and am looking on taking a look a bunch of large cap techs. don't want to buy long term calls on QQQs since the Naz100 includes a lot of speculative stocks as well. JMHO

To: Robert who wrote (18219)	2/11/2001 12:49:42 PM
From: im a survivor	Read Replies (1) \| Respond to of 24042

it all depends on your strategy....where do you feel a certain stock price will be at acertain point in time....personally, I think selling the leaps on sunw is the wrong thing to do....well, in my case, I am not willing to take a paltry $6 and then agree to sell my sunw for $35 in two years....again, the premiums are very low....I think over two years sunw goes higher...so why take $6 and agree to sell in two years for only $10 more then current price?,,,,,,Now, some others with rich premiums....maybe.....I was gonna take $10 and write the 03 180 leaps on jdsu, but didnt pull the trigger and now wish I had......$10 upfront, and I agree to sell for $180 in 2 years...not too bad, plus I could have bought those calls back for cheap right now, and then re-write on next pop....all depends on your strategy..... Good luck