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Strategies & Market Trends : The Covered Calls for Dummies Thread -- Ignore unavailable to you. Want to Upgrade?

To: Dominick who wrote (3261)	1/16/2002 1:26:36 PM
From: Saul Seinberg	Read Replies (1) \| Respond to of 5205

Dominick, "If I was allowed to do spreads I don't think I'd buy another stock. Your only cost basis is the price of the leap, which reduces your risk, and that could be reduced to zero in a relatively short time." Could you please explain the spread strategy you were referring to in your prior note. I'm a real newbie to options and I don't quite understand how the spread (including leaps) works. Thanks. Saul...