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Strategies & Market Trends : Tech Stock Options
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To: Lee who wrote (46921)6/25/1998 8:42:00 PM
From: Patrick Slevin  Read Replies (2) of 58727
 
Well, the spoos get locked down more often than you may recall.

However, you do not have to take delivery of 6 or 7 hundred thousand dollars worth of stock....the spoos don't settle that way.

Anyway, I thought you would be more interested in my golf game. We shot a 55 as a team and go to the state finals in October with a shot at the Nationals.

I guess you just slipped up on the priorities.

Missed a makeable 50 foot Eagle putt by 3 inches. Well, I don't have to tell you how disappointing that can be.

So, uh, we are talking about stock markets here? Who is JC?

I got a SuperTraders Almanac in the FedEx today and they say the trade of the year is the Bond. Have not quite scoped it out yet.

Anyway, the spoos have BIG limits to hit to lock and perhaps you should check them. However, if the spoos move that much against you the spoo trader folds his/her tent. The problem with the option trader is a false sense of security that s/he thinks there is a limit to the loss so, what the hell?

Big mistake in options. it's too easy to use poor money management techniques in favor of emotions. A futures trader cannot afford the luxury of being right with respect to emotion. It will crush you. No question.

That's why the futures are better than options. You are not allowed to develop a false sense of security. You must make a decision. Options allow you to think all is well until you get closed out while you are hoping against hope that the gods of fortune will smile on you, just one time.
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