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

To: y2kate who wrote (445)	5/17/2000 8:06:00 PM
From: Poet	Respond to of 10876

Hi Kate, Sounds like you've done really well on trading DITC's volatility and I think your decision to lighten up on calls when you heard about the continuing tightening bias yesterday was sound. I'm finding trading in this environment, which is essentially directionless, to be very difficult and have made the following changes: + I'm using covered calls on more of my portfolio for a small monthly income. + I've sold all the second- and third-tier (ie more speculative) stocks I'd been holding. I had a lot of B2B's I let go. + I've substituted about half the common in my long term portfolio to deep in the money 2002 LEAPs, so the day-to-day moves don't drive me as crazy. + I've moved some cash to a CD and a money market fund so I've got less to trade with. + I'm trading options on three or four stocks (QCOM, RMBS, BRCM and NTAP) whose trading patterns I follow very closely and am looking for smaller profits. None of this is advice, just the changes I've made, which help me sleep better at night. Jeepers! Just re-reading what I've written, I didn't realize I'd done all this. Great question, Kate. <gg> Let us know if you want to talk about specific repair strategies for those QCOM July calls.