Michael, my portfolio is up nearly 100% as of June 1st, 1997. I am a successful investor and want to use my skills for maximum leverage (Options). I just read an okay book (Nothing fantastic, but okay), called HOW TO BUY TECH STOCKS. In it, the author talked about turning $100.00 into $1.5 million via 6 consecutive, successful, options trades. Yet, the author didn't go into it in any detail at all. Basically, the author was talking about a 5 bagger with each trade.
If I firmly believe the market as a whole will correct, is it most lucrative to buy an Index put or a specific stock put? Does one have more leverage than the other? And if the DOW dropped from, say 8,000, to 7,000, in one-three months, what kind of money would you make on that with $10,000.00 worth of puts? Thanks a ton.
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