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

To: DavidMW who wrote (58608)	12/9/2000 4:30:40 PM
From: Lee Lichterman III	Read Replies (3) \| Respond to of 58727

All the regulars pretty much scattered to Stock Attack, MDD, Kahuna etc. The best board for options trading now is Subject 34484 Poet and the gang are good. Make sure you know what you are getting into. Options are NOT stock and most people lose. You have to be very quick, know your targets, time frames and know how to accept loses quickly. There is no waiting for it to come back. About 90% of options expire worthless. It is a high gain high loss game. Only thing meaner than this game are futures. I played the market for years then had to stop for personal reasons for about 5 years. I started up again and made HUGE gains in stocks my first year back then switched to options again thinking I was back to my old self. I lost almost all my gains in my first few trades until I got my senses back. This is a completely different game and you have to know what you are doing. There are also hundreds of strategies on how to play this game. Buying, selling, straddles, strangles and most complicated of all spreads of which there are many different types. Most conservative is selling covered calls and credit spreads. Most agressive is probably bull and bear spreads although there are exotic forms of all the basic strategies and I have seen normally simple strangle derivatives that would make you dizzy. I highly suggest going to the link above, watching, learning and paper trading for a long time before diving n for real. Then play small. If we get a over sold rally soon and you own calls or we tank hard and you have puts, don't think you are a genious either as the huge drops and gains lately are not typical of a normal market. <gggggggg> Volatility is high right now but the prices on the options are acting weird since no one knows which way we are going so I have been seeing calls selling with almost no premium and puts the same way during hard moves which allows you huge gains if you can catch the bottoms and tops right before a turn. I work during the day so I can't hang out on these threads and talk trading real time during the day. Good Luck, Lee