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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Raul Prytog who wrote (72985)	1/6/2000 5:13:00 PM
From: Knighty Tin	Respond to of 132070

Raul, Nope, I don't use any options software. That is because my feeling is that the stock's outlook comes first and the option price is a far distant second in importance. I nearly always buy options that are overpriced on the Black-Scholes Model. But paying a half a point too much for a put just before the price tanks 20-150 points (well, Presstek was my only 150 pointer, though Citigroup gave me over 100 a couple of years back) is simply not important. And buying a put cheap while the market doesn't move is no bargain.