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Strategies & Market Trends : Options 201: Beyond Obi-Wan-Kenobe -- Ignore unavailable to you. Want to Upgrade?

To: Dan Duchardt who wrote (963)	1/30/2004 5:40:29 PM
From: Bridge Player	Respond to of 1064

Dan, the BOX obviously does not yet have their act together. Delay, delay. This from Interactive Brokers: <<Dear Trader, According to the information we currently have available, the first trade date will be February 6, 2004.>>

To: Dan Duchardt who wrote (963)	2/24/2004 5:16:09 PM
From: jhs565	Read Replies (1) \| Respond to of 1064

Dan, do you or anybody else have recommendations for a Canadian Broker, who charges low rates for stock option trades. Thank you, John

To: Dan Duchardt who wrote (963)	3/2/2004 10:50:16 AM
From: Bridge Player	Read Replies (2) \| Respond to of 1064

Dan, I have been seeing a lot of recommendations of Microsoft by analysts recently. They say it has a lower multiple than a lot of tech stocks, huge cash hoard, and has been out of favor for several years. All the obvious things. Here is an interesting play using leaps, for those with a long-term horizon on the company and patience. Buy: MSFT Jan 2006 25 call; $4.70 asked (3/2/2004, 10:45 EST) Sell: MSFT Jan 2006 30 call; $2.40 bid (3/2/2004, 10:45 EST) Net cost: $2.30 plus commissions. At expiration in 22 months, breaks even at all prices for MSFT north of $27.30, less than $1 above current price of $26.58. Doubles at all prices north of $29.60. Very modest dividends in the meantime help to offset commissions. Interesting thought for those inclined to think that softie will put that big cash hoard to work in a useful way in the next couple of years.