VOLTAIRE'S PORCH-MODERATED Message Board

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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED

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To: Uncle Frank who wrote (9727)	10/25/2000 2:56:19 PM
From: freeus	Read Replies (2) of 65232

OOPS I meant this to Keith but it posted to UF: Hi Uncle how's life? Keith, what Uncle means, and I've found too, is that this market is too volatile for calls shorter than Leaps....and the stock itself is safer in this environment. Unless you are watching minute by minute and selling soon as you have a gain, you can lose it all with calls. I'm pretty well coming to the conclusion that if the market stays this rocky...and there is no reason it shouldn't...than buying calls or even puts less than a year away is not a good idea. Of course selling covered calls is still fine. Selling puts is not however, unless you have lots of margin available and you are convinced that stock is as low as it will go. Freeus

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