Jim's Nasdaq100 Special as a basket. Message Board

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Strategies & Market Trends : Jim's Nasdaq100 Special as a basket.

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To: Monty Lenard who wrote (1687)	4/29/2000 2:08:00 AM
From: James F. Hopkins	Read Replies (1) of 2103

Hi Monty; I've also started using a lot of spreads.. in my regular account buying a call deep in the money as a stock moves up..then selling a higher strike as it loses momentum. Normally this gives me a lot of downside protection, in a case or two I've gotten a $5 spread for free. ( using leaps ).. In my IRA I have to hold the stock to sell/buy options so it has to be a stock I really like. --------------- My mind set on options is that they are first used as risk managment , In some cases on stocks I sell very deep in the money calls, finding good returns doing that takes a lot of hunting, but it protects me on the downside so much it's worth the work. ----------------- I do chart the options as supply/demand changes on different strikes of the same stock.. I also look at the volume so I know where most of them were traded at. -------------------- Jim

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