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Strategies & Market Trends : Options -- Ignore unavailable to you. Want to Upgrade?


To: c.r. earle who wrote (98)12/27/1999 12:39:00 AM
From: 100cfm  Read Replies (1) | Respond to of 8096
 
<<The last several weeks (maybe slightly longer) have been a bonanza for many options traders. I think it is somewhat mis-leading (not to lessen anyone accomplishments with options lately) the ease with which money has been made lately with options. Most people that play options do not make money.>>

Good point cr, we all need to be cautious but thats why we concentrate in gorillas and kings, it stacks the odds in our favor.

100



To: c.r. earle who wrote (98)12/27/1999 8:56:00 AM
From: Jill  Respond to of 8096
 
I do think you're right--this has been a bonanza for stocks like JDSU or QCOM...OTM calls work in such a situation, but in general, DIM are far safer. Although I do know someone who made a very significant fortune only buying way OTM leap calls, two or three at a time, and protecting those positions sometimes with puts.

So, this is all a really great learning experience for me...