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

To: Tito L. Nisperos Jr. who wrote (11054)	11/14/1997 11:38:00 AM
From: Scott Brooks	Read Replies (2) \| Respond to of 70976

Others Interested in LEAPs, You might want to check out the website, it contains some rudimentary info on LEAPs and an offer to recieve an information pack with greater detail in the mail. Tito, your strategy is interesting, but I just don't know enough about LEAPs to pull the trigger at this point. It also (no offense intended) drips wiht get-rich-quick which also deters me at this point. cboe.com Scott

To: Tito L. Nisperos Jr. who wrote (11054)	11/14/1997 12:41:00 PM
From: Margarita	Read Replies (2) \| Respond to of 70976

Tito: I think your wife is very smart, because my husband's decisions we are in the red. If he would have listened to me we would have at least doble our money. Now I am doing like your wife is doing open an Ira with a broker and trying to do LEAPs like you mentioned to me little by little. Hopefully I will do it right.

To: Tito L. Nisperos Jr. who wrote (11054)	11/14/1997 11:40:00 PM
From: Carl H. Gotsch	Read Replies (1) \| Respond to of 70976

Tito: In reading your informative LEAPS posts, one can overlook the somewhat cavalier treatment of the facts that: (1) options are about leverage, up AND down, and hence have a different risk profile than the underlying stock, and (2) investors need to work out the arithmetic and consider carefully the risk-reward ratios of particular options to make sure they are comfortable with what the investment implies. These points have been made previously by others and the sophisticated readers of this thread will fill in the gaps themselves. But when you decide to put your marriage at risk, I feel duty-bound to suggest that you re-read Chapter 2 of McMillian on Options to remind yourself of what can happen if things don't go the way you have planned! <g> --Carl P.S. IMO, readers interested in gaining a better understanding of options can do no better than downloading and studying the Options Toolkit from the Chicago Board Options Exchange. This is also a convenient site to look up option symbols and quotes for regular and LEAP options. cboe.com