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To: Haim R. Branisteanu who wrote (157378)3/27/2002 2:43:13 PM
From: Tommaso  Read Replies (1) | Respond to of 436258
 
OK, I finally went ahead and bought some LEAP puts on FNM.

The stock seems to have enjoyed a 1600% or so gain since the great bull market began in 1982, and a pullback to 40 would still put it 800% ahead in those twenty years--a better than 10% compounded growth.

But any option purchase is a gamble.



To: Haim R. Branisteanu who wrote (157378)3/27/2002 4:37:35 PM
From: yard_man  Respond to of 436258
 
I'm not particular -- get out almost all of them and throw darts and start shorting ...


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