And there's this, from Barron's, Aug. 19 issue:
"Based on the trading of listed options, we know a great number of options tend to be overpriced or underpriced _ yielding opportunities that traders and arbitrageurs look to exploit," says Michael Schwartz, CIBC Oppenheimer's chief options strategist.
Where this all fits, in my mind, is educating the public on this issue. I live in a small metro area, and there's only one brokerage here that even has options programs. Most brokers here are buy-and-hold or buy-the-dips types. Very conservative, and no bears allowed. If we're going to manage our own money, we need to learn how to use the tools.
On a side note, the K.C. Star is having one of those stupid readers' stock-picking contests. Geez, they're a good paper, too, with some pretty sharp people. But the mantra in media these days is entertainment, not hard news. I guess they really believe we're all a bunch of idiots.
PB |
