Options Message Board - Msg: 12736030

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Strategies & Market Trends : Options

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To: Poet who wrote (1977)	1/31/2000 6:10:00 PM
From: Mark Peterson CPA	Read Replies (3) of 8096

The most challenging thing in this market aren't the swings or the volatility rides that you get just for showing up. It's learning to think counter-intuitively. When stocks are high, sell calls (and accept the consequences) or take your profits (and accept the tax detriment). When stocks are low, sell puts (and be prepared to accept assignment) or increase the deltas in your net long positions (your next ticket for the follow-on ride) and of course, be prepared to have the market prove you wrong. Just remember, in a sideways or bull market, averaging down works 90% of the time. So, save something to average down because nobody can time the market. Especially this one. After all, the world is full of binomial distribution curves that prove it can't be done. Most investors (this thread excluded) do just the opposite. They sell calls or close their position when the stock retraces or add to their position at all-time highs. Waiting is the most difficult thing to learn to do. Probably the residual kid "thing" in all of us that wants everything now... Have enjoyed reading the posts on this thread. All of them..... Mark

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