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

To: Uncle Frank who wrote (7133)	5/2/2000 2:01:00 AM
From: Jill	Respond to of 8096

Franq, thank you . You get honorary threadmaster of the dark side options thread today (you can always pass the trophy to your evil twin). That was very well put (but don't sell 'dem puts <g>).

To: Uncle Frank who wrote (7133)	5/2/2000 9:03:00 AM
From: edamo	Read Replies (2) \| Respond to of 8096

uncle frank..."dollars at risk" a prudent investor who uses options as a portfolio enhancement applies the same rules to the derivitive as applied to the underlying.....cut your losses short...only a member of the round table would hold something from $50 to .50 in hopes that the tornado would sweep it up again... by the way...bids don't mean a thing if they are never accepted...you should know that

To: Uncle Frank who wrote (7133)	5/2/2000 9:43:00 AM
From: Ritch	Read Replies (2) \| Respond to of 8096

UF - You are jumping to conclusions, Ritch. The high and low you reference are based on actual trades, not on the low bid. It's very possible that the bid hit 1/2 on option in question but there were no takers. You are right Frank. However, I do not think that there was an ask that was $8 over the highest trade. If there was, it would be meaningless anyway since no one accepted that price. If someone is thinking in terms of absolute dollars at risk, you are dead wrong. I weigh risk by comparing the same number of dollars put into two investments. To do anything else is comparing apples and oranges. That's the impression I have. You should be penalized 15 yards for piling on. As should you. Prosperous investing I have followed your posts for some time and I know that this is your version of the "Kiss of Death", so I will stop now while I am only behind. <gg> Thanks for your comments Frank. Ritch