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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?

To: Jill who wrote (24243)	12/11/2000 10:33:18 PM
From: Jill	Read Replies (1) \| Respond to of 65232

Also: to all: COnsider some QQQ calls for this next runup. I got some on a limit buy today (was away from home so just set limits and whatever hit hit) Also...I've been thinking about calls ITM or OTM, what's best. We probably will run up from here so dealie's OTMs will probably be okay. But I think its wiser to divide at the very least between ITM and OTM. Yes OTM can double in an hour or day or go up 10 or 20 baggers in the best of times, but they also can make you lose your butt. ITM: As OJ pointed out, a 10% move in a stock will give a 50% move in the option if its ITM. So for QQQs when it was 69 last night he was suggesting 65s. By the time I got around to calling in some limit orders today it was 73 so I called in a small # of 68s. If it retraces I'll call in more. I'm legging in because we may still have volatility. RR buys ITM 4-6 mos out. There's a lot of wisdom in that. Important to be able to maximize reward while minizmiing safety and risk. So consider some ITMs in this market now. Just my thots