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

To: taxman who wrote (5566)	3/27/2000 9:05:00 AM
From: edamo	Read Replies (2) \| Respond to of 8096

taxman...listen to confucious... one who believes "their way" is the "only way" is of narrow mind and limited experience. success can be achieved with all forms of option strategies, don't negate strategies which you are not capable of comprehending or implementing. a general one sided statement as you constantly make is fraught with misconceptions that only one who has limited market experience, and that experience being solely in the greatest bull run in history can dare to state. do what you want with your portfolio, but in a public forum be responsible to others. absolutes that you perceive are not necessarily reality.

To: taxman who wrote (5566)	3/27/2000 11:41:00 AM
From: PAL	Read Replies (1) \| Respond to of 8096

listen to the taxman. do not sell puts or calls. buy them. Sad. Sad indeed to state that narrow minded view.

To: taxman who wrote (5566)	3/27/2000 8:51:00 PM
From: Kayaker	Read Replies (2) \| Respond to of 8096

listen to the taxman. do not sell puts or calls. buy them. What strategy makes sense depends on many different factors. Right now I'm about 90% LTB&H. With the remaining 10% I mostly buy calls (usually DIM LEAPS) for short term moves (DIM LEAPS because I'm already a light sleeper). I generally don't like CCs, but in some situations it makes great sense. I've written July 250s on QCOM 3x now. If I lose the stock for 250 in July I'll be extremely happy and I'll retire. On the other hand, I also have lots of JDSU long stock but I don't write CCs on that one. I'm fairly conservative so I don't like to buy on margin. But using some margin to short puts makes sense to me. So I'm short some CNXT July 60 puts and JDSU Jan 01 100 puts. If I hit my overall target, I'll probably sell everything, collect 4-5% interest and short puts conservatively to supplement the interest income. It will be low risk, require minimal supervision and I'll go to New Zealand for the winter. For most of 1998 I was often 100% long calls (Dell). I was comfortable with that at the time (until I got smacked in the head in early Feb 98). I had less money and was willing to be aggressive. But as I accumulate more $$$ my strategy changes. What strategy makes sense also depends on your personality. That's something I learned early on from reading the "Market Wizards" books. There are many different ways to make money in the market -- no one way is the right way. My 2½.