If you take the time to understand LEAPS (long-dated options) and combine this tool with your search for bargains, you can craft specific risk reward investments with 100% to 1,000% upside. In certain situations, you can design much better risk and reward outcome than investing in stock. When LEAPS work well, they can becoming addictive, so portion control is critical.
The Professor looks at options/LEAPS in a unique way.
Go here: http://www.scribd.com/doc/68687870/Lecture-8-on-LEAPS
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