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Author: MDCigan Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 41070  
Subject: Re: Availability of 2011 LEAPS Date: 6/13/2008 7:48 PM
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Nothing intelligent to add, but I'd like to join you in the complaining. I was really hoping for some Jan11 calls to open up this month, and now I don't know whether to just buy the stocks or wait 3 months for the leaps.

I'll join the complainer camp as well. There is a name and number in the memo to contact.

In any case, it really isn't that big a deal. One thing that I really just fully understood recently is that you really do NOT need to go out to that furthest dated LEAP right away. Up to a certain point, the time decay on the 2010s will be roughly similar to the 2011s so there really isn't that much of a benefit to buying the 2011s. Once they start to really diverge, then you just roll forward your 2010s to 2011s. Any interim price action really doesn't matter much either because the deltas for the same strike price are also going to be roughly similar. It is potentially an additional set of transactions, but if you are right on something like LEAPs the commissions should be negligible.
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