ViroPharma Incorporated (VPHM)

[Bobwins]

kipp... LEAPS are just a long term option. Hence more premium due to longer time and probably less activity/liquidity.

Researcher says they are pretty expensive and initial review of prices says he is right. Over $5 for a 12.50 strike price for 2007 LEAP calls. It is a way to hold longer term with some leverage if you are SURE that Vphm is going up. Gives you more time. I bought 2/06 options because I wanted as much time as possible for Vphm to show results. Actually they will only release q3 earnings by the time the options expire so may not reach peak in price. Still reading my first options book so I am not an expert!!!!!

I think Vphm is the right kind of stock for option calls. Fairly volatile but long term trend is up. I am pretty much 100% invested so it gives me a way to leverage my Vphm. Allowed me to add 12,000 shares of exposure for $21K.

I don't know for sure if I am going LEAPS. My exposure to Vphm is getting up there but I am certainly going to check out how they trade and see if it makes sense for me to buy a few more tickets on the Vphm train. Good luck, Bobwins