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Strategies & Market Trends : Tech Stock Options
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To: ViperChick Secret Agent 006.9 who wrote (35510)2/25/1998 10:37:00 AM
From: Nemer  Read Replies (1) of 58727
 
CaTbabe:

------>I know you do the SPX but the spreads are so big..that it would seem you need a big gap between the numbers...like 1040 to 1047

This large spread was the main reason that I quit trading the OEX.
It had gotten to a move of nearly four points, and me being on the correct side of the move, to break even. Then the OEX split and even tho the price was halved, the spread didn't alter a sufficient percentage to maintain any balance, so I left them to their own devices.....ggg
And trudged over to the SPX.
Currently, it is taking a three to four point move on the SPX to break even. That's kinda one sided, no ?

Patrick has been looking into the futures more, even tho he has traded there in the past.
For me to stay around the 5% level of my portfolio for daily trading, I can't stand the risk inherent with the futures, even tho the dollar level doesn't scare me too much.
I live out in the boonies, and the local brokers are all friends of mine. The comsh and the spread prohibits most trades with them and depending on the net to be available has an inherent risk in itself.

SO---to answer you question about my trading........ right now it's limited to 3 to 5 option contracts and the ROI isn't near as good as if I would have with increased volume.

BUT ---it keeps me off the streets and out of jail and I've been making a little. At times I feel like the old days have returned and I"ve left the table (craps) making ten passes and have two mallards and some chicken feed in my hand........ggggg (that's less than $300...ha ha).

HOWEVER---my R and D continues and it really is looking better cause the results are seemingly getting better.

Regards----Nemer
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