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Technology Stocks : Newbridge Networks
NN 17.07+0.2%Dec 26 9:30 AM EST
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To: SFgymrat who wrote (4165)4/21/1998 1:34:00 AM
From: Dennis J.  Read Replies (1) of 18016
 
Consider buying more time and in-the-money.

You may pay $4-5 instead of $0.50, but you get a much higher delta to start, you don't lose premium as you cross the strike, and the extra months let you withstand corrections. Results will be, I believe, higher percentage of profitable trades, fewer wipeouts, and even some home runs. You can also hold right up to expiration, since you didn't buy much premium up front. Other strategies may include putting on a spread with a couple of months to go, or as a hedge if fearing a near-term correction.

Good luck!
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