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Technology Stocks : SAP A.G. -- Ignore unavailable to you. Want to Upgrade?

To: edamo who wrote (3053)	2/4/1999 10:40:00 AM
From: P-inverstor	Read Replies (1) \| Respond to of 3424

Thanks a lot for the advise. I know the regular option premium follows the underlying stock closely. Is it also true to its LEAPS? I am thinking of getting involved with the put writing when there is a short term correction, which I still think is going to happen before the next earning report season. Of course, it looks like SAP is trading in its own pattern. Traders just don't want to see it below 30. What do you think?

To: edamo who wrote (3053)	3/4/1999 12:48:00 PM
From: Jacob Snyder	Read Replies (1) \| Respond to of 3424

edamo: re leaps strategies: 1. I just bought 100 zspah for 8. That's the longest-term furthest-out-of-the money call available. If the stock continues down, I'll average down. On the one hand, it's an expensive option, for being that far out: stock at 28.6, strike price 40. On the other hand, the market is confirming my opinion that the stock has great long-term upside potential. I've usually found that paying for quality is worthwhile, eventually. 2. The CBOE site lists 5 different 2001 40s: plain zspah, and also 4 others, zspah followed with the symbol &A, C,P, and X. What do those mean? 3. I read your very informative post, and I like the idea of selling puts, as an alternative to buying calls. My main concern with it is that I lose control of what I own. I don't know whether I'll own the stock, or when. And if the stock is put to me, it'll probably be at a time when there are lots of other tempting stocks available. But since I already own some common (bought at 31 earlier this year), I could sell what I now hold, if the stock is put to me, and not increade my holding. Just thinking.......never done this before........ 4. When will the Jan. 2002 leaps be available? SAP is on a 3,6,9,12 cycle, so the Jan 2000 leaps will not convert to short-term options until 7/99. On 7/19/99, there will be available options expiring in 8/99, 9/99, 12/99, 3/00, plus leaps 1/01, 1/02. Is this right?