The Justa & Lars Honors Bob Brinker Investment Club Message Board

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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club

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To: Lars who wrote (4015)	3/20/1999 4:06:00 PM
From: MrGreenJeans	Read Replies (2) of 15132

Lars / Options Nvls was undervalued at 53 and 54 in recent days probably because of their secondary offering in the market. I decided the best way to play it was using call options. >>> What kind of spread? Are you self-taught? I bought 20 September 55 Nvls Call Options @10.5. It is just a straight position. No spreading is involved. No, I am not self taught. I have a phd in economics and I have spent much time, many a night, at the New York Institute of Finance over the years here in New York City taking every option course, being taught by top notch teachers who are in the industry, and learning from the traders in the class. When trading options having a very good background is not good enough. They must be thoroughly understood. There is no room for error. I also believe every investor must fully understand option theory to be sophisticated. The best books on the subject are from McMillian, Natenburg, and Hull.

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