Options Message Board - Msg: 12927546

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Strategies & Market Trends : Options

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To: Jill who wrote (3302)	2/21/2000 12:06:00 AM
From: Junkyardawg	Read Replies (1) of 8096

I only buy calls and puts I do not write any contracts. I limit my risk at present to only my premium. I must note that I have a very small account. Not ashamed of it mind you, it is just that I cannot afford to take a large hit on any one play. So what I do is buy like three or four call options on a stock that I think is going to go up and I buy it. I have been very lucky as I have picked some good stocks. I bought call options on ADI when it was $57 and when I doubled my money heck I bought more and when those call options went up 200% I bought more. I have a personal saying for playing a stock like this. I call it "Roaling over my profits" I did the same thing with TXN and road it up. I am a firm believer in letting your winners run and cutting your losers fast. I do realize that we are in a bull market so this play works for me. Heck I bought (and you are going to think this is funny) but I bought one call contract on Qcom when it fell to $110. I bought the $120 call option on it and I made about $2000 on a single option! I thought that was funny to buy one contract but hey I made money and that is what I am doing this for. dawg

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