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Strategies & Market Trends : Option Spreads, Credit my Debit -- Ignore unavailable to you. Want to Upgrade?

To: Jeffry K. Smith who wrote (1118)	1/8/2000 6:32:00 PM
From: OX	Read Replies (2) \| Respond to of 2317

it may not seem like it at times <g>, but I try not to assume that other ppl know less than I do. I like to think everyone has their strengths somewhere. I spend most of my time analyzing where the overall mkt will go. Then I have a smallish list of stocks from which I will play (it's too hard for me to jump from stock to stock). based on those inputs, I pick a strategy which fits. I have to say I am not good w/ outright long options... it's just the mental block that I have. Overall, I do like naked puts as a way to step into a long position. Toolbox: Start at the beginning and work your way thru all of it. seriously. even the parts you think you know already. Treat it like a homework assignment you want to do. Greeks and vol: hmmm... the toolbox and calculator will help you w/ this. I can't recall how I stepped into it. It takes some time to understand and trade options to understand the greeks+vol more than rote memorizing. Again, my angle is math, so to me it helps if you have like math, particularly calculus... depending on how much you want to know/understand about it. you can trade options successfully w/o understanding the math behind any of this. but it helps me to understand it. be sure to read the parts of mcmillan on option basics of calls and puts first. then jump around the book as you need to read about the parts that interests you. to me mcmillan totally reminded me of textbooks I used in school... it's not for reading from page1 to last page. there's a lot of great stuff in there that needs re-reading.