MonsieurGonzo -- Thanks for taking the time to compose your very comprehensive options guide!
Some of it ain't for me: I'm an investor, not a trader, and I'd certainly never be quick enough on my feet to engage in intra-day trading. But you have introduced me to some new angles, for which I thank you.
Curious! I "own" the S&P index through the Vanguard fund, VFINX. Now that you can "buy" or "sell" the index directly (SPY), what's the rationale for the continued existence of VFINX et al.?
By the way, on re-checking that MITTS article, I noticed that the Austrian WEB is a MITTS, and perhaps some of the others are too. There are also sector MITTS Apparently, in addition to options, there are all kinds of ways to play the derivatives game that I, for one, never knew about. I wonder if there is an oil service MITTS? Must check that one out!
Another thought comes to mind. "Ordinary" mutual funds, as a group, are less volatile (have less "beta," if you prefer) than index funds, or indices in general. On up days, they don't go up as much as indices, but on down days they go down less. Holding nothing but indices might be a "good times only" strategy. What do you think?
jbe |
