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

To: buffalogrif who wrote (138)	12/27/1999 12:57:00 PM
From: Poet	Respond to of 8096

buffalogrif, First of all, welcome! If I read your post correctly, you've been interested in the change in delta at different strike prices-- and you think you can help explain this here on the thread? PLEASE do. We would be very very grateful and it would help those newer to options in determining strike when they open a trade.

To: buffalogrif who wrote (138)	12/27/1999 1:04:00 PM
From: Jill	Respond to of 8096

Buffalo, I would welcome a treatise...posts that make me scroll down for hours...well maybe not hours...but I think that would make a fantastic contribution to this thread. We might bookmark your posts permanently for those visiting this thread Thanx Jill

To: buffalogrif who wrote (138)	12/27/1999 1:38:00 PM
From: PAL	Read Replies (3) \| Respond to of 8096

Buffalogrif: I do not know if we want to start the thread with an advanced level. Poet and Jill have just launched this forum, and they will welcome newbies to options. Right now, the mathematics will be left out while common sense will be the main ingredients. In the future with sophisticated approach as you might like to have: why the decays goes faster when the option works against you as compared to working in your favor, you might take a look at delta and gamma. But let us leave those behind for now. Remember that common sense is the best to make a decision. Sophisticated formula which impresses people many times are just that: it impresses people. Witness those noble prize winners who ran the hedge funds: Long Term Capital Management. They used the most math modeling only understood by them. They lost sight from common sense. The best approach: KISS. Good Luck, Paul