Morning Mohan:
Market is predicted to open down here, but I think optimism will then take over fast.
Some comments on my past years work.
1. The buy anytime and hold Dell strategy works like a charm.
Even during this peculiar market.Recent buying at irregular intervals ,anywhere from $43 to $$59 puts my average cost at @ $51
so those shares are up about 16% so far.
2. After taking Williams Options 101 course(hehe) in the spring of 1997 and practicing since then I am doing much better lately.
I realize that each has their own goals on options, but for me
it works best to have a variety of strike prices, stay a few months long, and buy strikes near the stock price. These are more costly, but you get what you pay for,while the cheap ones tend to vanish.
As a result I fortunately did not load up on the Oct Dell calls ,mostly am out in Jan or Feb.
As William noted most(maybe 90%) of options expire worthless( verified last week by discussions with my broker).I have one of the few accounts that is up, because of Dell options, what else???
Out of the 1000's of stocks available, I am into Dell(~95%),
then csco,intc,msft,yhoo,rmbs,some wag,and mrk.
Today I may play around with omkt, ratl, or orcl.
Good luck
Sig
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