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

To: Poet who wrote (392)	12/30/1999 10:43:00 AM
From: taxman	Read Replies (1) \| Respond to of 8096

"A high risk play" the beauty of options is that if you limit your bet to what you can afford to lose, it becomes a low risk play, yet can still provide high reward. regards

To: Poet who wrote (392)	12/30/1999 11:48:00 AM
From: RocketMan	Read Replies (1) \| Respond to of 8096

Hope your daytrade is profitable! I bought another Feb 00 500 put at market open this morning, as a hedge against my leaps and common. I figured the price would plummet for the first hour or so, and it did, so my put went up from 18 to around 26. I thought about selling it and doing something fancy with the profit, but since I wouldn't know what to do, and bought it as a hedge, I have kept it. My idea is that I am willing to let this thing expire worthless for the downside protection.

To: Poet who wrote (392)	12/30/1999 2:41:00 PM
From: surpow	Read Replies (1) \| Respond to of 8096

<<I watched as it was dropped from over 700 to 638 and bought 5 Jan 640 calls when QCOM was about 645. I'm hoping we pop back over 700 this afternoon and will sell them into that rally. BTW, QCOM options are good daytraders today because of the volatility. A high risk play, though.>> Poet: Thanks for your efforts in getting this thread going. Out of curiosity, if for some reason the Q were not to rally strong this afternoon, would you stay true to the term Day Trade and get out regardless of profit or loss? Congrats on the great move yesterday. Noah