The Options Box

[bbgold]

Morning Bernard,
I have never held any Leaps long term. The Jan 03 and 04 2.50 Leaps I had on Q last year would have worked out well had I held them longer, sold when Q was near $3. OU and I were talking about last year and how it would have been possible to buy some Index or Stock Put Leaps and have just taken the year off. I am just playing around a little with that idea this year and seeing how some Leaps perform during the year as a Straddle play. Still Best to have just one trade that is in line with the market direction though. Will need to work on how long to carry the Straddle before exiting one side of the trade to maximize the profits. Most of the time using the Plan Long Calls signal or Short Puts signals will work. Except for lately when the markets cannot make up their mind as to a direction <GG> :^)