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Strategies & Market Trends : Gorilla Game Investing in the eWorld

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To: Teflon who wrote (760)11/19/1999 8:45:00 AM
From: Jill  Read Replies (1) of 1817
 
I absolutely would love options discussed on this thread. I know it's risky, but buying OTM options when a company enters a "tornado" (or, from others who've told me about buying OTM leap options) the profits are enormous. I wish GMST had leaps for instance. But I will confess I have bought calls and sold puts on QCOM, bought calls GMST and JDSU. When ARBA got enabled for calls I wish you were around, Tef, I posted you here...in any case, I was considering 160 calls, I forget which month, let's just say April. Imagine what they will be worth in April. I didn't do it because I just didn't have enough sense of ARBA.

The problem with options I think is that the profits can be so juicy that people lose their minds. I believe there is an informed way to play options that reduces cost basis and is really profitable.

Jill
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