Quote:
Originally Posted by hammer
Why not buy the Jan '09s? Wouldn't that be a much lower risk than buying the Jan '08s like you did?
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LEAPs are a very different strategy than I employ. They are great for long-term option investing ... but the time value is killer. Not something you want to "trade". It' much more of a buy and hold strategy at that point. And yes, it would be much lower risk.