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To: LLCF who wrote (101897)5/13/2001 11:16:04 PM
From: mishedlo  Read Replies (1) | Respond to of 436258
 
LLCF - That is why I like leaps at the money or even in the money as opposed to 15 points out. Actually the strike 80's I am looking at are in the money. Please take a look for me on Monday. (actually you may be late because I seem to be talking myself into this).
But at 80, all I need to do is be right eventually. Long term support is at about 60. If Earlie is right or housing goes to hell, or anything else bad happens happens and this sucker falls to 40 those will make a killing. Heck, even if the damn thing starts to gyrate between 70 and 80 the volatility will go up and they will be worth more.

I will look again on Monday.

M