Honey, if I didn't limit myself to a couple of contracts at a time, I'd be in big trouble.
Consider AFFX, only 2 puts thank God.
Also, when I'm really into an issue, I will open a few contracts at one price, a few at another, a few at another. Thus for instance a while back I had several different strike prices on JDSU March's that all worked out fine (puts). Now I have various open put positions in June for JDSU.
I also really don't mind speculating a small amount. ELON is a very speculative issue, and I'm aware of that. Ask taxman he started out with on eor two contracts at a time. Buying calls is ALWAYS speculative, so...I'm willing to risk one contract of ELON and no more.
Issues like SEBL or EMC or NTAP, I want more exposure in.
Those who do 10 or 20 contracts are either steel cojones types like Poet, or they have portfolios upward of 5 or 10 or 20 million or who knows what. Maybe someday but not yet. |
