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Strategies & Market Trends : Tech Stock Options
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To: joe smith who wrote (42729)5/8/1998 1:41:00 PM
From: Patrick Slevin  Read Replies (2) of 58727
 
Options can be affected by too many things. I once had a put where the market sold off heavy and the put rocketed to $28 from 9, where I bought it.

I sold it immediately and got less than $12. Sure enough, the B/A dropped that fast.The market had not changed, but the Volatility did a Kaiser Sosay on me.

Plus they decay. In my case it would not be noticed but if you were not daytrading options
@#%!#@$%#!$%#!@$%#@$%^#$^#%^

Vacuum cleaner knocked out a circuit breaker.....I did not realize one of my computers is not on the UPS

#!$%#$^$%^&%#^*&$%^&*$^&*(^*(&%*)&%*()

I was just about to go long for another push, now my head is too anxious.

If you are holding options overnight the time decay is a killer.

With futures contracts It's generally a level field. You against Merrill Lynch. All we try to do is exploit Merrill's inefficencies, as it were. I guess that's the easiest way I could explain it.

Perhaps Tom has a better answer, my head is rolling around on the floor just now.
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