SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : The Millennium Crash
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: tekgk who wrote (458)8/23/1997 7:43:00 PM
From: Bilow   of 5676
 
From here on, I trade in the money puts. I was so disgusted by the
lack of profit after taking a huge risk, then correctly calling the
downt trend reversal in SOX that I had to laugh at myself.

The problem with those short time out of the money puts is that the
time premium decays too quickly. The advantage is that they
do a better job of parlaying. But you can always sell a deep in
the money put and parlay yourself. Yeah I learned my lesson.
From now on, I follow what the books say and keep delta at
close to one.

Good reference for theoretical options is Options as a Strategic
Investment. I can't locate my copy, but I've had it for 10 years
and I noticed a new copy for sale in the book store the other
day. It must have become a classic. I'm going to reread it.

I don't have a television, so I have some difficulty figuring out what
the public is thinking. My suspicion is that they think that the
market actually hasn't gone down yet. This must be from following
the Dow.

Your plan on making it up in volume was the same plan the last
place I worked at (Virtual i/O with the 3-d virtual reality glasses)
had. The idiot running the place failed to take it public, and
eventually ran out of cash. Amazon.com is currently using the
same technique, but was intelligent enough to go public and
collect a bundle.

-- Carl
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News