James:
I work with a fixed bundle of assets which I consider irreplaceable because I don't have a salable occupation that would provide anything other than survival.
But Dell gave me a lot of money to work with...
I have only 6 months experience in options, and it has been touch and go with wdc, qntm, txn, msft there where the Dell is good.
The major requirement to make it in Dell is patience, and to hold,hold, hold, and accumulate.
This requires faith in the company and the management.
( Stick with the Dell bulls here(gggggggggggggggggggggg)
So to relieve the boredom and perhaps learn something, I
try some other stocks...
Dell stock will be going up, so since my far-out calls are in place, I would like to now buy the shorter term ones each month as they become available, keeping in mind that a complete loss or two can occur on those.
Meanwhile, I try to have a bit of fun by experimenting with
CPQ and YHOO calls(how high can they fly??), by buying some more KLIC calls when it is down $12 in one day, or by finding a stock-split opportunity when newly announced.
It also seems important to resist those juicy news items
and writups by analysts unless it has proven substance( like a new
contract or buy-out)
Each of us has favorite stocks, at the moment mine are Dell,
jbil, baanf, klic,phg,intl,spaz,yhoo,asmlf. Furthur down are cpq,
intc, msft, asmif,leh,txn.
I don't know if you would call this 'strategy', but it kind of works for me(G)
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