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Technology Stocks : JDS Uniphase (JDSU) -- Ignore unavailable to you. Want to Upgrade?

To: Srexley who wrote (13605)	10/27/2000 11:46:32 AM
From: SJS	Read Replies (2) \| Respond to of 24042

Scott, It happens to so many. Options are much more complex then getting the direction right. Next time you decide to buy, you've got to look the value of the implied volatility. Good option traders SELL high vol and buy low vol (if appropriate). It's like selling overvalued, and buying undervalued. Options around earnings events typically increase in price for obvious reasons. Fear and Greed. I sold risk (GREED) knowing that even if JDSU report was killer, the risk would abate and I could buy them back for the less or the same even with the stock up dramatically. It's exactly what happened. There are many tools to help you here, and even some free educational software you can find at www.cboe.com. Get the free option toolbox software. You can download it and learn the advanced options stuff at your own pace. Steve