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Strategies & Market Trends : Options-Technical analysis

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To: browser who wrote (16)	10/10/1998 9:25:00 AM
From: Jeff Mizer	Read Replies (1) of 296

Hi Browser-- I basically developed strategy on my own with trial and error.... lots of errors of course. I buy no less than 3 and up to 10 contracts depending on price. I am no longer going for home runs. As example I really like csco and on thurs a.m. bought 3 nov 50 calls for 3 1/8 or 3 1/4. Fri I sold them for a 2 dollar profit which even after fees left a 500 profit for 1 day trade. I later bought 7 nov 55 for 3 1/4 and is only thing I am holding now and will have cash ready to buy something mon. a.m. I pick high moving stocks and try to find one that I think I can predict a direction. I am tired of the stress of having most of my play money in AMZN and am looking this weekend for less stressful buys. Following threads on here seems to give me a good feel for a stocks direction also. J

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