The OEX... gasp! Message Board

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Strategies & Market Trends : The OEX... gasp!

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To: Stuart Briscoe who wrote (173)	12/11/1996 12:35:00 AM
From: Jerry Rosenberg	of 658

I enjoy trading the OEX as its a new game for me. However, a friend of mine has been trying to convince me that the OEX's are for traders who sit at a terminal for 8 hours and are very adept at TA with much experience in the ways of the market. Which I am not! He trades the S&P futures contracts on the Chicago Mercantile. Those contracts do not have the expiration as the SPX's. These are 3 month contracts x 500. He does 1 or 2 contracts a day and rarely holds on to them for long. Sometimes 1-2 hours. Often 1-2 days. The price "decay" is vastly different. Yesterday, I started getting "live" quotes on the OEX/SPX on my computer. At least I am no longer "flying" blind! As to your favorite stock, you could cover your position with options in the "other" direction. Leaps?? jerry

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