Waiting for the big Kahuna Message Board

STOCKTALK

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 : Waiting for the big Kahuna

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: William H Huebl who wrote (11909)	12/19/1997 7:27:00 PM
From: Haim R. Branisteanu	Read Replies (1) of 94695

Hi Bill, well they just dont want you to get rich easy <gggg>, anyway after some gut-wrenching my strategy worked this time (I think it all relates to my prayers lately <ggg>) Sold to open puts last Friday and Thursday, waiting for a pop, hedged them just in case, Sold to open calls during midweek, also hedged them an pronto by 4PM today they expirte worthless, execpt of a partial set of puts so I am long 300 shares, which I anticipate to hold several days. All in all I traded around 14 or 16 batches of option contracts of several stocks and striking prices. For sure I have been able to do better, but it is my impresion that it is easier to trade the stocks itself than the derivatives. Next option expiration week will try it again. If not for the rebound of today I would ended with all the calls going to NILL and about half to 3/4 of the value of the puts, but still ahead. As to the market I see a protracted bear market with many "bear traps" as those we saw in December. Haim

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next