Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Proud_Infidel who wrote (18067)	3/22/1998 7:04:00 PM
From: Jacob Snyder	Read Replies (1) \| Respond to of 70976

2001 LEAPS available on 5/18/98, I think. These will have 32 months till expiration, which is long enough to eliminate the time-risk inherent in most options. The only thing I have to do right is to pick the correct stock, and the correct entry point. Then I wait till the underlying stock has doubled or tripled, and begin selling in increments. Beginning in May, and continuing as long as AMAT is below 35 and INTC is below 85, I will buy the AMAT 40s and 50s, and the INTC 100s and 120s. These will be quite safe, because I think the chances of AMAT being below 60, and the chances of INTC being below 120, in the year 2000, are nil. I just can't construct any scenario where that would happen. I expect the AMAT LEAPS (40 strike price, 1/2001 exp. date), to sell for 10-15, depending on how the underlying does in the next few months. If I can get them for 10 (reasonable if the stock hits 25), then I double my money for every 10-point increment over 50. That's a gamble where the odds are heavily in my favor, the downside is survivable, and the upside is spectacular. I'm willing to put about 25% of my portfolio in these LEAPs. So, Brian, in spite of my last post, I really am a bull on this stock. Can someone confirm when INTC and AMAT 2001 LEAPs will be available?