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To: GraceZ who wrote (36644)11/12/2000 9:45:39 PM
From: chic_hearne  Respond to of 436258
 
Yeah, I guess I'm an options gambler at the local Nazdaq casino. -ggg-

IMHO, it is much safer to be 90% cash than be long this market. But that's a whole different conversation. I wouldn't dare be long any tech until we bottom HARD and options give me far more leverage while allowing me to remain mostly cash. Volitility is something that can be counted on IMO and when that changes I'll change my strategy.



To: GraceZ who wrote (36644)11/12/2000 9:51:11 PM
From: LLCF  Read Replies (1) | Respond to of 436258
 
<What is the expected return from this bet?>

However... the expected payoff from buying undervalued options [assumption that you know what you're doing] is positive.

DAK