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Strategies & Market Trends : Advanced Option Strategies -- Ignore unavailable to you. Want to Upgrade?

To: Joe Waynick who wrote (39)	7/15/1998 11:12:00 PM
From: Tom K.	Read Replies (2) \| Respond to of 355

Everbody.... I believe that the individual who published the Systematic Writing approach in the CBOE book is Harrison Roth. He has also written the book "LEAPS". In the latter book, he has several chapters on using LEAPs as stock substitute. He refers to this as "LEAPS Surrogate Therapy". He advocates a strong bullish expectation if using these in a CALL strategy. He reviews several different approaches for LEAPs in this role. I've not tried it.... yet. By the way... the reference to the LEAPs chapters in the first McMillan... well I bought my copy in the 80's... he doesn't even mention LEAPs. Tom