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  • bmpthegreat bmpthegreat Oct 22, 2005 1:51 PM Flag


    the ONLY option strategy that ever worked for me and made me millions is to find a co. like goog or cme and buy early on { bought both around 120} and buy the longest leaps out in the money. At the time I bought the 120 leaps for jan 07 and still hold as a proxy for the stock. In jan 07 I will pay no tax on the enormous profits and just take the stock. The only thing is finding the stock that do what goog and cme have done. Not easy just lucky.

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    • So how much longer of a run do you think cme has? When you buy your options, is being further out or deeper in the money a higher priority for you? How do you balance the two.

      • 1 Reply to playasince66
      • my end goal is to take the stock in jan 07 . Or Jan 08 in order to give the stock enough time to base , climb and base and climb. The deeper the better. I always do the strike price at least one third of the value of the stock. So if the stock is at 300 I buy the jan 07 200 and do nothing until jan 07 and take the stock and not sell the leap and pay no tax. Amazing leverage and no taxes. Thats it and it works. Very conservative and expensive but works.

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