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Politics : Ask Michael Burke
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To: Knighty Tin who wrote (466)8/13/1996 1:05:00 PM
From: Bonnie Graves   of 132070
 
Hello Michael,

I've been reading your posts for sometime now. I want to compliment you on your gentlemanly responses to all who ask.

Past experience with options has led me into a philosophy of buying out of the money out in time calls/puts. The times I have bought at, or in the money, have prooved to be more expensive than they are worth. The former method has allowed me to keep some funds off the table to use for another day...if the timing was against me. With the latter, I've blown my w?? (so to speak!) Do I understand this to be somewhat your take on options?

RE: MU, As far as positioning, would you add to your puts as the stock drifts down; or, do you only add to your position on strength.

Regards,
Bonnie

PS: Are you Irish? Me? Dublin
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