Roger's 1997 Short Picks Message Board

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Strategies & Market Trends : Roger's 1997 Short Picks

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To: hasbeen101 who wrote (7790)	12/4/1997 8:13:00 AM
From: Dan Lisman	Read Replies (1) of 9285

Okay, I will be the one to disagree with the danger of options, specifically puts. If you are going to short an expensive (and wildly fluctuating) stock like CTXS, put options are the only safe way to play. You can't lose more than you bet, but a 50% profit is pretty normal(when you win). Option prices are set by supply & demand (there is NO set formula), shop around for different strike prices and expiration times. What usually works for me is a price about $5 in the money and an expiration about 60 days out. The secret of options is to take some profit when you can. Don't hold til expiration, unless they have become worthless. Yes, you see the words "play", "bet", and "win" in my post, but ANY short is a bet. The real purpose of the stock MARKET was for the common people to "share the wealth" of big business. Shorts & Puts were created BY gamblers FOR gamblers. Live Long & Prosper Dan

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