To: BRANDYBGOOD who wrote (57494 ) 8/25/1999 1:01:00 PM From: Jenna Read Replies (2) | Respond to
Options: I always keep simple. Just simple puts and calls. I tried a straddle a few times it was okay but not exceptional. I always buy in the money calls/puts because then I only have to look at the stock and not at the option on the intraday chart. I can't afford to bother looking at the time value premium because the options I buy obviously don't decay. I like an average of a stock going up by one point and the option usually goes up and 3/4 a point and so on. I look at historical volatility, delta and vega, put call ratio but the absolutely most important criteria for option buying as far as I'm concerned is 'the stocks you have chosen from your watch list'.. no matter how intricate your option strategy is, its worthless if you are following a 'bad' stock and the reverse is true.. If you are a novice but have your hands on a good stock (i.e. options of QCOM for example).. I'd just buy in the money options and hold for 1-3 days..
