of course i bought Google 3 years ago using leaps out to 06 and 07 and 08 and 09. Very deep in the money leaps and then in 06 and 07 took the stock and paid no tax. just in the last week my acccount is up a million. Bought deep in the money leaps using leverage and the right stock. No secret other than that. Im so happy.
HI my friend !!! long time no hear from. Actually on my 175 leaps in jan 08 the market value as of today is over a million . So when i exercise i dont need any cash. What happens is i call and say exercise and they show up in my account tomorrow . 2000 more google shares at a cost of 350,00 but have over a million in value so there is no cash transferred.
No. that the amazing power of deep in the money leaps. For example, i have 20 of the 175 jan 08 leaps i bought two years ago and will take the stock at 175 and exercise and NOT SELL the option. No tax until i actually sell the shares if i ever do. So there is great leverage, time and no tax. Powerful
Bump, how are you? I get sick to my stomach (Sorry to say that) when I see you posts. I too bought GOOG options when GOOG was at 140, but bought the same month, turned 40K into 350K in about a month. I kept reading your posts where you kept yelling at people to buy leaps, even my husband told me to, but I thought they were too expensive. I turned around and put my 350K into S&P calls (The same month) and lost it all. Had I listened to you and my husband and bought leaps in GOOG, I would have between 4 to 6 million dollars right now. What a hard pill to swallow. Congratulations and I know you are telling the truth because I remember your posts from so long ago. I know you own APPL, RIMM, ISRG. What else do you like? Thanks.
Believe me I have sold stocks and options in the past that i only wish i held today. Like apple at 50. Always look to the future. Its all we got. Of course my main holding is Google. others are apple, ice, cme, isrg, bidu , vmw, chl, rimm and MA. thats it for now. I use stock and leaps on all the stock out to jan 10 and the lowest strike possible because i want to take the stock and not sell the option. best to you
Well if its true then congrats. Google has made money for a lot of people. I wont buy the stock, but the options trade have done well for me. I am now where near a million, but my goal is to get there by age 55.