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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Think4Yourself who wrote (83006)	8/2/2007 7:49:14 PM
From: Clever Nick Name	Respond to of 306849

The US is dramatically ahead in terms of the technology and training developed in the university system. Even compared to other developed economies the gap in both breadth and depth is enormous. Having said that, there are some troubling trends. The patent and copyright systems are becoming major constraints to bringing revolutionary products to the market. The patent system is even limiting major corporations now that companies are being formed for the sole purpose of patent litigation. Then in the long term, biotechnology is now poised for many orders of magnitude advances in capability over the next decades. But the current stem cell rules virtually guarantee that the US will not lead in that arena. ---- Back on topic, I need some advice from the thread. I have a handful of WCI '09 17.5 leap puts. With WCI closing at $6 and change today, most of the leverage is gone. I'd like to pull some of the cash out of the position and put it to work on future basket cases. I would like to capture some of the time premium left, but presently the bid for the options actually shows negative time premium. Is legging into a spread the best way to capture the premium? Or should I just buy and exercise the options early?