The LEAPS Option Trader
105 W. Monument Street
Baltimore, MD 21201
Friday September 17, 2004
Email – #199
** Off To The Races With Interactive Corp.
Our Interactive Corp. (NYSE: IACI) LEAP call (VSV AE) is up more 25% already in just over a day. Hopefully this is a sign of better things to come. Since we have more than 2 years left on this, we could really go to the moon with this one. I will be keeping close tabs on it and will alert you to any changes in our position, or if we decide to enter into a spread trade.
While the IACI trade is looking very good, our Toll Brothers put (YKW MG) is looking worse daily. We are within 30 cents of hitting our hard stop of $2.10 for the second time. I am baffled by the strength in these shares and housing shares in general. The sector is defying gravity and sanity, but that matters little for those buying up the shares. If the options show a bid of $2.10 or lower on ALL the exchanges, we will liquidate the position
Regards,
Karim Rahemtulla
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Bio:
Karim Rahemtulla is the former Investment Director of The Oxford Club.
The editor of The Smart Options E-Report, The Income Trader – A Covered
Call Strategy and The LEAPS Option Trader, Karim is also a regular
contributor to The Oxford Club Communiqué. His highly successful trading
systems use covered calls and LEAPS to boost returns on blue chip stocks,
and during the bear markets of 2000 and 2001, his picks outperformed the
major market averages. Educated in England, Canada and the U.S. and fluent
in several languages, Karim travels the world to find the best investment
opportunities for our members.
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