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Technology Stocks : All About Sun Microsystems -- Ignore unavailable to you. Want to Upgrade?


To: Lizzie Tudor who wrote (57078)11/25/2003 7:58:46 PM
From: rudedog  Respond to of 64865
 
I use calls and LEAPs as a proxy for the underlying when I have some confidence it will move up near term. If it doesn't, I'm out the call money, but if it goes up even a little past the strike I have better leverage. If I want to stay in the stock long term, I can always exercise the calls. I only use margin to cover some option risk and always close it out quickly if things go against me.