Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Jill who wrote (664)	1/5/2000 9:32:00 AM
From: Jeffry K. Smith	Respond to of 8096

What does 'entrade' mean, and who is accumulating what? TIA ETA is symbol for Artra Group? >eom<

To: Jill who wrote (664)	1/5/2000 10:10:00 AM
From: RocketMan	Read Replies (1) \| Respond to of 8096

Jill, and others, this is a difficult day, but let me say that my strategy of hedging Qcom leap calls with Feb puts is really working out on a day like yesterday and today. Today my puts are way up, offsetting 2/3 of my leap losses. When I sense the bottom is here, I can sell my puts and use the money to buy more leaps. I am posting this not to display my brilliance, because I am a newbie at this, and even a blind pig runs across an acorn every now and then, but just as a case in point for how well this strategy works in a case like this. Yes, I gritted my teeth when I paid those put premiums, being bullish on the stock, but I just felt like a severe correction was coming, like last April when I watched my AOL money wither away unhedged.