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

To: tekboy who wrote (210)	12/28/1999 6:51:00 AM
From: 100cfm	Read Replies (1) \| Respond to of 8096

Tekboy don't you ever have to sleep? your on the thread all day and still posting at 3:58AM. I have had similar experiences with schwab. i now always enter my option trades as a limit order at the ask price or slightly below. works well most of the time. also do not go by the multiple option quote pages, always click on the specific option symbol you want and get a single option quote, 9 out of 10 times its different and is the more accurate one. I buy the common on margin at the same time so i am participating in the runup of both the common and the options. this has really juiced up the returns on my portfolio. if i wait, i will have to pay much higher price for the common. or are you saying to excersise the leap. if so, i still would have only gained on the leap. with my way i gain on two vehicals at the sametime and feel like i get the common for free since i bought them with the house's money! i'm sure this is a two edged sword and would work equally as bad in a down market. but again thats why i only consider options on gorillas! if you are still up and reading this, press the little power button on your monitor and go to sleep your gonna need your rest if today is anything like yesterday! good night and good morning to everybody else. 100

To: tekboy who wrote (210)	12/28/1999 8:34:00 AM
From: Jill	Respond to of 8096

Tekboy, you're a fast study! I agree with everything in your post. I'm sure the spreads are cooked--you can earn a lot of money with l/4 points and points. Look what the dastardly MM did with the GMST calls I sold and Poet bought yesterday--refused to play until she bought them, sold them to her ffor 28, bought them from me for 27. In spite of the advertised price being different. That's why ed says place a limit and let the option come to you, don't chase it. Which is sometimes hard to do! :-) Here's a picture of that MM I found on the web: pixelmix.com

To: tekboy who wrote (210)	12/28/1999 9:46:00 AM
From: Poet	Respond to of 8096

Hi tekboy, I loved your post. Yes, I agree about watching for pullbacks when buying calls, as it makes a fair amount of difference in your profits. After all, each point in premium is equal to $100, so it's important to keep that multiple in mind. That was very interesting about your options trade at Schwab. I've had trouble with frozen options quotes at Waterhouse as well, still considering using an options broker like Preferred Trade. As for the 2003 LEAPs info., does anyone have the real answer as to when the 2003's will become available? Looks like QCOM is kicking a couple of tuccis....LOL!

To: tekboy who wrote (210)	12/28/1999 12:31:00 PM
From: Girish Patel	Read Replies (2) \| Respond to of 8096

1. You can sell covered calls against LEAPs and create a diagonal spread. In this case, LEAPs act just like underlying. 2. I do not know where you have 450 for Q but 38% retracement of the previous move held at 465 area( low yesterday was 460). I expect it to hold 502 today. As a matter of fact, I placed a synthetic long at that level: short 500 puts, long 520 calls. 3. Are you happy with SCH's options executions? what commissions do you pay for options trades at Schwab? I pulled my account because there commissions came to almost $10 per contract!