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: Debt Free who wrote (18639)	4/8/1998 5:12:00 PM
From: Jacob Snyder	Read Replies (1) \| Respond to of 70976

I think (not sure) 5/15/98 is when 1999 LEAPs turn into regular options, expiring in January. Short-term options are available with 4 expiration dates. On 5/18/98, the monday after the third friday in the month, there should be available: June, July, October 1998, and January 1999 regular options; and also Jan. 2000, and Jan. 2001 LEAPs. I don't know what strikes will be available. There will be at-the-money, out- and in-the-money strikes available, but I don't know exactly how the CBOE (Chicago Board of Options Exchange, they have a nice web site)decides which strikes to offer. Tito (the LEAP guru) might know. The great thing about 2001 LEAPs is that they will have 32 months till expiration. This is long enough to get into the 20% tax treatment, and long enough so I don't have to be very clever about timing things just exactly correctly. I prefer simple strategies that any fool can follow. If I buy at 2 or 2.5 times sales, and sell in increments when the stock hits 4X sales, I'll do very well. The only hard part will be to buy on despair (real capitulation, not the brief spike down and then back up in Dec. and January) and then sell on euphoria.