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Strategies & Market Trends : Options
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To: buffalogrif who wrote (138)12/27/1999 1:38:00 PM
From: PAL  Read Replies (3) of 8096
 
Buffalogrif:

I do not know if we want to start the thread with an advanced level. Poet and Jill have just launched this forum, and they will welcome newbies to options. Right now, the mathematics will be left out while common sense will be the main ingredients. In the future with sophisticated approach as you might like to have: why the decays goes faster when the option works against you as compared to working in your favor, you might take a look at delta and gamma. But let us leave those behind for now.

Remember that common sense is the best to make a decision. Sophisticated formula which impresses people many times are just that: it impresses people. Witness those noble prize winners who ran the hedge funds: Long Term Capital Management. They used the most math modeling only understood by them. They lost sight from common sense.

The best approach: KISS.

Good Luck,

Paul

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