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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: Henry D who wrote (28499)	2/22/1999 9:25:00 AM
From: Tito L. Nisperos Jr.	Read Replies (2) \| Respond to of 70976

Henry D, In Aug 1996, after putting money in AMAT LEAPs, I could have immediately went to sleep then woke up the next Aug to find a 5K invested in LEAPs became 100k!... But what I did that time was to convert those LEAPs to regular Options as they became more expensive because I wanted to rationalize my staying in the Wonderful World of the Internet by trading Some Options everyday; I did got more money trading regular Options than with LEAPs until the stock quit breaking Record HIs... The LEAPs become regular options when they have about 6 months (or is it 8 months) till expiration; that's the time they start losing Time premium faster. They accelerate losing in Time value when they have just 45 days left to go... So I become uneasy and try to Roll Over Options as they near expiration... But sometimes (and this sometimes should not be followed by others) I gamble unnecessarily by buying an option that expires in a few days. Sometimes I gain and often times I lose because instead of using Time as a friend, I use it to Knock me Down...