Option GEMS - Hot Options in Booming Companies... Message Board

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Strategies & Market Trends : Option GEMS - Hot Options in Booming Companies...

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To: The Jedi who wrote (4)	7/26/1997 2:17:00 AM
From: AlienTech	of 396

Jenna says she day trades options, I am lucky if I can turn them over once a week. Sometimes I dont even know if I bougth something till 3-4 days later, how the hell can you daytrade with it? Also another question is, Why do you want to trade so many different options when you want to exit them with a 100% or so profit? Why not just trade in the stocks you are very familiar with and that way its just easy money. Some of these things I dont get.. Cause its not speculating or hedging. Its more like a game. I would think with all the research and time put into it, speculating is a lot more profitable and ofcourse you dont exit the position untill what you were speculating on has changed or happened. Like when I bought TXN AUG 110 calls, I expect it to reach 130 before expiration so why exit it for a 100% gain? Yes I could have got out and back in and made some money but it didnt reach the point I was looking for which was 125+. Ofcourse if AG had said irrational exhuberance once more I would have ducked and ran like hell.

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