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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: Sam Citron who wrote (43167)	3/6/2001 10:31:22 AM
From: Ian@SI	Read Replies (1) \| Respond to of 70976

Sam, Do it. You'll soon become aware of the difference. With the GTC order, you're in control. Writing a LEAP PUT, the contract holder is in control. I suspect that AMAT LEAP PUTs are relatively illiquid. This generally means that you'll get hit with an early exercise should they go deep in the money as the time premium will vanish. If you're really confident that you can pick the bottom; or that the underlying will rise in price for the duration of the contract, then all is wonderful. But that world doesn't exist, IMO. Ian.