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

To: Michael R who wrote (11096)	11/14/1997 6:54:00 PM
From: Tito L. Nisperos Jr.	Read Replies (2) \| Respond to of 70976

Michael, if we do this in a non-IRA account, maybe we should get LEAPs that have 2 years to go (like the 2000 now) to take advantage of discounted Tax Rate of 20% for gains from investments with at least 18 months holding period...There will always be writers of LEAP Calls or Puts because its a sure way for them to make money also considering the volatility of the stock...

To: Michael R who wrote (11096)	11/14/1997 6:57:00 PM
From: VinWood	Read Replies (4) \| Respond to of 70976

Re:"this could be an astronomical amount of $$$ after just a few cycles" Looks like you've discovered the Treasure of the Sierra Madre. Take a look at the COMS LEAP for Jan '99,strike $50. In July people were paying $14 for it. Today you can buy it for $.50. Do you think it will recover by January so you can roll it to the '99 for $10? If I was you I would check how many LEAPS expire worthless before I got too excited.