IRA Investing > LEAP Options	In association with
By Mark Phillips
Dialing for Dollars?

FON - Sprint Corp. $21.43

Well, it looks like we got into this one just in time. Given the quiet, but positive trading range on Monday, we went ahead and added FON to the portfolio, and by Tuesday, we were sitting on a nicely profitable play. The strength in the Technology sector lifted all the players in the Telecom sector, even good old AT&T. Optimistic bulls bid stocks in the sector cautiously higher, and like we mentioned last week, the Telecom service providers inched higher from their apparent bottom. We don't expect it to be a high-speed recovery, but there is plenty of time for our 2003 LEAPS to appreciate over the next 18 months, and it won't take a huge move to generate those triple-digit gains we like so much. Don't let those gains get away from you though. Use stops to protect your capital; ours are originally set at $19.

BUY LEAP JAN-2002 $25.00 WO -AE $2.80 BUY LEAP JAN-2003 $25.00 VN -AE $4.40