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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Knighty Tin who wrote (34542)	10/25/1998 7:51:00 PM
From: dr. z	Read Replies (1) \| Respond to of 132070

HI Michael, another option question. What is the best strategy to maximize the use of LEAPS. For example, a few weeks ago, I bought AMAT 2001 20 calls which have increased markedly as the stock has gone up to $34. To maximize the return does it make the most sense to write a series of options such as the Jan 99 35 call or April 99 35 call, and then a later call that year or to just write fewer, farther out calls such as Jan 50 2000 or 2001 to capture more option time premium. Of course, I could sell, but prefer to hold the LEAPS for now. Thanks for your ideas. Mark

To: Knighty Tin who wrote (34542)	10/26/1998 11:08:00 AM
From: Skeeter Bug	Read Replies (2) \| Respond to of 132070

well, so much for buying some puts today. called my broker and the number was disconnected. the web page is down. looked through some correspondence and saw that they had closed down. called the holding company and they said the nasd closed down their operation. i now need new brokers and can't buy or sell until i do. f***. unreal. guess i have a lot of paperwork to do tonight. this sucks. i was gonna buy some cmb dec $50s. well, may it go to $80 now ;-)