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

To: Step1 who wrote (75460)	2/9/2000 1:20:00 AM
From: Skeeter Bug	Respond to of 132070

he has an article on it somewhere on si. mike sets aside a certain amount of assets in his options portfolio. depends on the market conditions, track losses - you know, that sort of thing ;-) let's say 40% of all investable $ are set aside for options playing. of that 40%, mike allocates 90% in an interest bearing account and uses 10% to speculate on options. the 90% grows to 94-95% so if he loses all of his option plays then he is down 5-6%. the 10% is invested using a strategy, too. it should last all year so he doesn't put 10% on one play. depending on market gyrations, a lot of the 10% might be invested or a little may be invested. there is more to it than this, but this should give you an idea...