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Strategies & Market Trends : Giant LEAPs... -- Ignore unavailable to you. Want to Upgrade?

To: Tim Cruise who wrote (257)12/9/1997 11:40:00 AM
From: Mike 2.0  Read Replies (1) | Respond to of 315
 
Tim,re: I will be watching and ready to buy in and sell some covered leaps.

Please explain your strategy. Will you sell covered LEAPs because you think ORCL has much further to fall? Or do you plan to leg in to a position by buying today hoping ORCL will regain some lost ground, then sell LEAP? I'm considering the latter idea for IRA.

Thx
Mike



To: Tim Cruise who wrote (257)12/9/1997 12:55:00 PM
From: up3up4  Respond to of 315
 
ORCL should have support at around 22-23 (33-34 pre-split). We might have a dead cat bounce today/tomorrow. Not sure it'll be back over 30s anytime soon. Buying LEAPS calls will be good especially on a huge down day.

Just IMO,
Alex


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