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

To: surpow who wrote (468)	1/1/2000 3:37:00 PM
From: Girish Patel	Respond to of 8096

Try this. edreyfus.com QCOM options chain has been updated on www.edreyfus.com. Happy new year to all on this board

To: surpow who wrote (468)	1/1/2000 4:01:00 PM
From: Girish Patel	Read Replies (3) \| Respond to of 8096

I have found that options trading on QCOM- or any other high priced volatile stocks is the best way to maximize profits. I know going in my maximum amount at risk, and rewards are many times those of buying stock itself. Look at options as a substitution for the underlying issue. Trade options in place of the underlying, based upon technical analysis of the underlying issue's chart pattern. I rarely buy an option with intention of exercising it. I sell it later at a profit (or some loss) and do not let it expire unless the option is a part of spread or short sale. If the option goes deep in the money, I take my investment off the table and move it up (or up and out) with the "public" money - at the same time buying more contracts. The Delta will keep on rising for issues like QCOM,CMGI,YHOO, etc. when they keep on exploding, but it will not be more than 1 for a straight options play. The Greeks and taxes are secondary considerations to the primary motive - maximize profits and limit losses. There are many ways to decrease the taxes and your accountant or attorney should have those strategies for you. Of course, this is one trading style. Others may have different style they are more comfortable with. One thing for sure: options are trading vehicles and not investments - that is what LEAPs are for.