Options Message Board - Msg: 12408762

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Strategies & Market Trends : Options

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To: edamo who wrote (351)	12/29/1999 1:32:00 PM
From: buffalogrif	Read Replies (2) of 8096

Well I guess there are some areas on which we'll have to agree to disagree. I'll let other readers decide where they stand. This is what I do for a living. It's how I put my kids through college. Because it's my profession, when I find a tool that makes it easier, I use it. If it complicates my life I get rid of it. Sounds to me like the math stuff which is behind option prices complicates your life. So you don't use them. I find them helpful; so I use them. So we disagree. So what? That's what makes a market. But I do think that those reading this thread to learn should know that these tools exist and then make their own judgments. Unfortunately you are not correct when you say that the models and the Greeks are an attempt to predict future price movement. There is no predictive value whatsoever in any of these components. They measure non-directional sensitivity. Nothing more. At some point we'll get into specific trades. I'll argue that they're helpful and you'll argue that they're nonsense. Other readers will pick and choose what's helpful to them. That's what this is all about as I see it. Grif

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