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

To: P-inverstor who wrote (3054)	2/5/1999 9:42:00 AM
From: edamo	Respond to of 3424

leap has a maximum duration of thirty nine months.....follows common but not as close as short term contract....until time decay sets in within the last six months of the contract(when the leap becomes a straight short term option) or if it becomes a deep in the money position and it will move almost point by point with the common. leaps are introduced every may...that is when the 02 will be traded, maximum premium percentage at this point. good thing about leaps are you have sufficient time to correct any mistakes by trading out and rolling forward in the case of a put....just apply the basic rules of investment and you will have an eighty percent or higher successful trade rate. as far as sap, i think it will trend upward long term, short term downside 28-30, upside 36-37, but will be a range trade.