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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: Tito L. Nisperos Jr. who wrote (10964)	11/13/1997 6:25:00 PM
From: Amir Desai	Read Replies (3) \| Respond to of 70976

"---anytime" should be qualified. Leaps can often be very non-liquid investments. You can always get executed but at what price is a different story. AMAT options are currently very heavily traded, but for example if AMAT were to rise to $47 and stay there for 3 months, option activity would decrease significantly. Spreads on LEAPS would increase, A person selling only 10-20K worth of LEAPS could cause significant pressure on the option. I'm not knocking LEAPS, I do however prefer warrants when possible, but I'm just trying to riase awareness of their trading characteristics. GO AMAT, Amir