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Gold/Mining/Energy : PEAK OIL - The New Y2K or The Beginning of the Real End? -- Ignore unavailable to you. Want to Upgrade?

To: kryptonic6 who wrote (97)	2/19/2005 11:39:30 AM
From: Wyätt Gwyön	Respond to of 1183

While you can always sell your LEAP at any time, it is expensive because of the big gap between the bid and asked price." i think that's a gross generalization. the bid/ask on March 2005 60 call is 1/1.05, so a 5% spread. the spread on the Jan 2007 60 call ("LEAPS" is just a brand name for long-dated options) is 5.70/6.00, so a 5.2% spread. the spreads seem basically the same to me, for anybody who is capable of pushing some calculator buttons. having said that, i wouldn't daytrade LEAPS due to liquidity concerns. you can review the delayed option quotes at cboe.com enter the ticker symbol (XOM) in the box on the left, and select "List all options and LEAPS (complete file; larger, slower download)"