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Strategies & Market Trends : Buying In the Money Options -- Ignore unavailable to you. Want to Upgrade?

To: High Grader who wrote (9)	10/10/2000 10:00:09 AM
From: the options strategist	Read Replies (1) \| Respond to of 21

High Grader, can you give an example of what you just wrote. Thanks. jj

To: High Grader who wrote (9)	10/11/2000 7:36:41 AM
From: EasyWay	Read Replies (1) \| Respond to of 21

I have not tried that with equities but I have with futures and again I'd been better off holding only a long option. The problem in futures is that as soon as the market heads your direction, the volatility picks up and your short option gains as fast as your long option because people want to to the cheap out of the money options. The only way you can make money in that situation is to hold till expiration and hope your long option is still way in the money. These days things move so fast, you cannot be sure of that. You mentioned Elliot Wave Theory. I have not studied that but I would like to. I have one book on it but I think the author's presentation is weak and difficult to grasp. Do you have a recommendation on where I might get good instruction on it? Easy