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Bobwins

09/19/05 4:06 PM

#22842 RE: researcher59 #22840

researcher59 I can buy long calls or sell covered calls in my IRA. Just buying longs on quality stocks that I think have a very high chance of moving up. Most of my options are for spring 06 with a few into 07 and 08. My original goal was to buy Leaps but some stocks don't have them and the time premium was pretty high on others so I chose the spring 06 as the next best way to participate.

The percentage of portfolio is partly a function of how fast the options have appreciated. Overall they have doubled, so I invested 6% and now they are 12% of my portfolio. Bobwins