Mary,
options can be a valuable tool to hedge and/or leverage your portfolio--when used sensibly, for example, a hugely preferable alternative to carrying margin, because of the lesser downside. Still, they're like crack, and not something to try until you've boned up. Best place to start is with LEAPS (basically, longer-term options, unfortunately not available on ITXC yet), and Harrison Roth's book by the same name (LEAPS). Also, Bittmann's book on options is excellent. Here on SI you might want to check out the "Gorilla & Kings Options/Trading Thread" (title is something like that) and the "Options for Beginners" thread; people are incredibly helpful on this all things around here. But basically, if you haven't done it yet and don't know much about it, there's absolutely no need to concern yourself with it. I'll gamble for you and you can lose the money vicariously... :0)
tekboy@Monday'stheday.com |
