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Nate, Sorry, I'm not familiar with IBD article you mention. But to defend my position that trading in options, the OEX as an example, should not be done on a casual basis. However, whether, it's the OEX, index sector, or individual stock, the movement of the underlining index or stock upon which the option is based must be followed closely. For example, I trade OEX options. To do that, not only do I follow the OEX in 'real time,' but also the NYSE Beta Index, the Nasdaq 100, the S&P 500 futures contract, to name a few. And, of course, use appropriate technical indicators, such as Stochastics, Relative Strength, MACD, etc. It's not brain surgery, but it's not that easy either. You got to be on the ball and thinking all the time so that you're not just gambling and guessing. Oh, yeah, it's guys, and gals too I hope, that eat the casual options dabbler for lunch. So, don't 'ivory tower' your master's thesis too much, a lot of it's trench work. |
