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

To: Roger Staubus who wrote (279)	12/12/1998 7:04:00 PM
From: james h. snyder	Read Replies (1) \| Respond to of 315

thank you for responding and thanks for the book info. the stock cmgi, i don't know if you are familiar with it, will start selling leaps 12/15/98. this company has about 5+ interNUT ipo's coming out next year and i think that in the long term this could be a great play, imo. check out their thread. i am not familiar with options at all but what i understand, with 'very limited knowledge', this is a way to take a major position with little money in outlay. leaps in great stocks seems the way to go. i'm also intrested in rmbs and emc leaps. any info you can provide will be appreciated greatly.....i have a steep learning curve to absorb in the coming weeks. good investing to you and who knows, maybe we will kindle interest in this thread! j

To: Roger Staubus who wrote (279)	1/2/1999 1:00:00 PM
From: Don Pueblo	Read Replies (1) \| Respond to of 315

a LEAP question: NAVR is gonna spin off NetRadio. NAVR trades LEAPS. If I bought a LEAP on NAVR, how would the spinoff be calculated? Would I have to exercise the LEAP (take the shares) before the IPO to get the NetRadio shares? Any idea how the CBOE would calculate that, if I didn't exercise? Because the "rule" is "owners of record on [date] which would not be LEAP holders. Only other deal that comes to mind is the T spinoff of LU 2 years ago. I wonder how that works. I just checked, and no options on NAVR listed on the CBOE site. But I still have the question.