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Politics : Ask Michael Burke
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To: Knighty Tin who wrote (49314)3/1/1999 11:52:00 AM
From: Tommaso  Read Replies (1) of 132070
 
Even though it's technically a LEAP, my SCH puts of 2000 are going to be my go-for-the-big-money play, since I paid an average of 2 each for them. I can see that for year in and year out speculation in options--which certainly provide a lot of amusement value as well as money, if you are right on them--shorter-term, cheaper otpions would be the thing, especially if you don't mind losing the premium.

My own approach is that what we have had in the last three months is a once-in-a-century opportunity, and I am going to try hard not to get hooked on the options game. The (somewhat farfetched) analogy I use is that I would go to Las Vegas and play the roulette tables if I were very confident that one of the wheels was defective. I think the current market is seriously screwed up.
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