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2011 LEAP Schedule and Info

November 7, 2008 4:03 pm by Dean Morel

https://www.cboe.org/publish/InfoCir/IC08-082.pdf

Monday, November 17, 2008 — 2011 LEAP options begin trading for March cycle shares. That’s the last cycle to start trading after the cycles were delayed this year. More info on LEAP cycles.

Thinking of selling covered call and put on 2011 Amgen giving profit in $35 plus range, with profit capped at $85, but $25 of that in the hand now. There is no free lunch. Use of these derivatives increases gearing in portfolio. Money received is for assumption of risk and limiting upside.

Synthetic long on GE, a March cycle, to allow some cash repatriation.

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