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Strategies & Market Trends : Dawg's Place -- Ignore unavailable to you. Want to Upgrade?

To: thebeach who wrote (1297)	7/16/1999 1:10:00 AM
From: Junkyardawg	Respond to of 2751

beach I don't mean to sound mean but if you have july 15 calls you are screwed. I don't think they are worth anything at all. You must remember that I am very new to options so I am most likely wrong. As far as August calls go... the wife is trying to get me to buy August calls on CS. I don't want to. It is just to big of a risk for she and I because we have a very limited amount of money. Simply if they get bought you make a killing. If not you lose. I just don't think I will take that kind of a chance right now until I get my account built up more. BTW: I am doing all the research I can on doing some put options for the coming months. IF the market has a hickup of anykind there will be a lot of money to be made on them. dawg

To: thebeach who wrote (1297)	7/16/1999 1:13:00 AM
From: Junkyardawg	Read Replies (1) \| Respond to of 2751

beach CSCO option look very tasty but I just could not pull the trigger on them today. I am trying to be very selective at the present time. EBAY was a very risky play for me but I do feel that at some point in the next month EBAY will have a bounce. dawg

To: thebeach who wrote (1297)	7/16/1999 6:56:00 PM
From: Jeff O'Brien	Read Replies (1) \| Respond to of 2751

Beach, When you see this, the trading day will already be over. If you still are trying to decide about Aug. calls on CS you might want to consider instead Jan. Leaps. The Jan. 10's (deep in the money) are probably about 5 3/4 and it gives you plenty of time for CS to go up on it's own or get bought out without worrying about it week to week. If CS closes above 15 3/4 on the 3rd Friday of Jan. you are at break-even. Anything above that, is your profit. The nice thing about having these deep in the money is you don't have much time premium built in, but you still have a lot of time. Good Luck! Jeff