To: ynot who wrote (28540 ) 9/2/1999 1:36:00 PM From: IQBAL LATIF Read Replies (1) | Respond to
y trades are of different kind some have long term gestation period others have short term plays, however SPU options are basically used to capitalise momentum in a falling market the premiums become good when fear is the most. In rising marekts I will always buy some outside the money puts and I do it religously just in case, it is like earmarking 'cost of trading' I have to have some. On individual indexes I will play indexes on support like BKX or QCOM big sell off and big opening down or RMBS ofr bounce up money. I do a lot of out of money calls like SUNW AMAT IBM MSFT METZ AMZN are some recent ones, nearly all of them have given me excellent return since my posts. AMAT post earnings drop for me was an opportunity for others a double top, INTC for me was 90$'s others did not like it, I love TXN from 48$ to now and I take my bet on dip to buy the calls of these gems, whenever market breaks big I take care to sell the SPU options calls or SOX or DOT and buy the puts I can afford it since I have underlying positions. Most of the time these marekts have shown me my levels back or these marekts tend to forgive you once I do take my opportunity when I get it.. So over all we have a core, we have trading account and we have stocks and indexes around which this bull and bear strategy is woven..
