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Re: Joe Stocks post# 106

Friday, 03/28/2008 3:56:31 PM

Friday, March 28, 2008 3:56:31 PM

Post# of 261
Hmm.

FXI Jan 2010 Strike $100 LEAPS. Buy at $48.

Immediately sell May 2008 Strike $140 calls for $8.80 and almost eliminate the TP in the LEAPS entirely.

or

wait for the LEAPS to go up and then sell May/June calls and have no TP in your LEAP position. And it can just pay you money every month for a fraction of the cost of the common.

I will look closely over the weekend and dip in maybe next week.

GT

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