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To: mike machi who wrote (10297)	6/16/1999 8:31:00 PM
From: Kayaker	Read Replies (1) \| Respond to of 19700

IMHO this is by far the best resource on options. You don't have to read the whole thing. Just the first few general chapters, and then the chapters on the particular strategy you are interested in. Anything less, (again IMHO), would be suicidal. exchange2000.com

To: mike machi who wrote (10297)	6/16/1999 8:47:00 PM
From: Mark Peterson CPA	Read Replies (1) \| Respond to of 19700

Mike, if you have the inclination, order Larry MacMillan's "Options as a Strategic Investment". A bit like your college day physics classes and more than a little calculus involved, but nearly EVERY market maker in options and certainly all the specialists have it nearly committed to memory. So that's the quantitative side of those who may take the other side of your trade. For lighter fare, go to the cboe web site (www.cboe.com) and drill down through their options pages. The simplest strategy is probably doing a buy/write: buying the stock and selling an out of the money call. But the price and volatility at which you do the trade will greatly affect your possible profit on the trade. And MacMillan spells it out... And before you can do any of this at your brokerage firm, you need to request an options application and subsequent approval of the application. Dabbling in options, without understanding the internals of what you are doing is a surefire way to incinerate a great deal of wealth. But on the other side, if you read the book and understand the dynamics, it's a great way to hedge the risk of most positions for all but cataclysmic events... And for many on this and other threads, the unannounced visit of a mother-in-law would probably qualify as such. Hope this helps a bit, Mark

To: mike machi who wrote (10297)	6/16/1999 9:58:00 PM
From: Jill	Respond to of 19700

Also, Harrison Roth's book on LEAPS is less technical and pretty informative, and leaps are "safer" options--far out, less volatile. Jill

To: mike machi who wrote (10297)	6/16/1999 10:03:00 PM
From: Brian Malloy	Respond to of 19700

Ref options, check these links from the BRCM thread today 1. Message 10140971 2. You can get McMillian but you should also get Roth's book. If you want to drill down and know nuances get McMillian but if you want to get 90% of the info in 10% of the time have Roth. Message 10141237 3. Message 10150028 Regards