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

To: buffalogrif who wrote (353)	12/29/1999 2:15:00 PM
From: edamo	Respond to of 8096

grif..."non directional sensitivity"???????? what does that truly mean....? the "greeks" establish a "risk measurement", or at least they used to....the most important use of risk measurement is to predict the future performance of the position...put your great math mind aside, try to address the "average" man...what good is "non directional sensitivity" or the resulting data obtained from the most complex of calculations if they aren't intended to be used for "predictive" purposes???? but you state they have no predictive value???? isn't prediction what the market is all about.....at least the "amatuer" market that i'm familiar with...maybe you "pros" do it differently....a basic assumption must be made prior to taking any position and that is a "very directional" choice of how the underlying common will move.... you're the pro, i'm just a "lucky amateur".....just been fooling around for the past thirty years..... not trying to argue any of your points, remain open minded, the myopia appears on the side of you and taxman...remember in life, remain simple....start with basics, don't scare people away from knowledge that is not solely based on your quantum physics viewpoint....! help the uninitiated by giving them the "basics" to make money and limit risk........i've done it for many on these threads....and not one word about the "greeks", ever came into the "practical applications" of option trading... someday i'll have enough time to become a pro....use heavy formulae...but too busy being "lucky" good luck...