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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Knighty Tin who wrote (94317)	2/1/2002 4:45:54 PM
From: JHP	Read Replies (1) \| Respond to of 132070

guardian.co.uk

To: Knighty Tin who wrote (94317)	2/1/2002 4:51:14 PM
From: Tommaso	Read Replies (2) \| Respond to of 132070

Well, I am still comfortable with my Dow puts. I still marvel at getting puts (LEAP 140s of 12/03) where the time value is a discount rather than a premium and where there is the possibility of holding for long term capital gains. Maybe there's something I am missing--such as a wholesale collapse of the options markets where nobody gets paid anything. Also, the NEM LEAP calls look,as one may say, golden. On your (long-ago) suggestion I made some money last year trading XAU puts, but then saw that the NEMs went much further out, again offering the chance for reduced taxation. Whether I hold them that long is another question.