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 (3302)	2/21/2000 12:06:00 AM
From: Junkyardawg	Read Replies (1) \| Respond to of 8096

I only buy calls and puts I do not write any contracts. I limit my risk at present to only my premium. I must note that I have a very small account. Not ashamed of it mind you, it is just that I cannot afford to take a large hit on any one play. So what I do is buy like three or four call options on a stock that I think is going to go up and I buy it. I have been very lucky as I have picked some good stocks. I bought call options on ADI when it was $57 and when I doubled my money heck I bought more and when those call options went up 200% I bought more. I have a personal saying for playing a stock like this. I call it "Roaling over my profits" I did the same thing with TXN and road it up. I am a firm believer in letting your winners run and cutting your losers fast. I do realize that we are in a bull market so this play works for me. Heck I bought (and you are going to think this is funny) but I bought one call contract on Qcom when it fell to $110. I bought the $120 call option on it and I made about $2000 on a single option! I thought that was funny to buy one contract but hey I made money and that is what I am doing this for. dawg

To: Jill who wrote (3302)	2/21/2000 12:13:00 AM
From: Junkyardawg	Read Replies (1) \| Respond to of 8096

Listed below are all my open positions in my options account. TXN March 115's (bought them when the stock was $98) TXN March $130's (bought them when the stock was $133) ADI March 100's (bought them when the stock was $94) ADI March $110's (bought them when the stock was $112) IDC June $40's (bought them when the stock was $31) IMCL March $90's (bought them when the stock was $92) RMBS March $150's (bought them when the stock was $141) Notice I have all call options and most of my current plays are deep in the money as I have just been holding them and letting them ride. I simply do not do very well on buying puts. dawg