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Strategies & Market Trends : Trader J's Inner Circle -- Ignore unavailable to you. Want to Upgrade?

To: Canuck Dave who wrote (45855)	8/15/2001 1:30:18 AM
From: ajtj99	Read Replies (1) \| Respond to of 56532

Actually, the calls are more expensive today than they were at the close yesterday. They have about a $0.55 time value, which is pretty big considering there are only 3-more trading days. Actually, it is pretty typical of what I normally see the week of expiration. I just believe it's still expensive for something that could be worthless in a couple days. However, equity options are even worse, and that's why I stay with the QQQ. As you mentioned, some equity options are pretty thinly traded. That's another reason why I shy away from them. I'm also less likely to be impacted by a single stock's actions with an index than a single equity. This allows for a bit of safety, so to speak. As for my luck in options, it seems to go in streaks. Lately my streak has been mediocre to good. All it takes is a couple really bad trades to really screw you up. Aside from not selling when the COMPX hit 1934 in July, I've pretty much been on the right side of things lately. Being better at reading charts and identifying patterns seems to be improving my profits. We'll see if it keeps up, as I have a pretty risky play tomorrow with the QQQ Aug. 40 calls I've decided to try to acquire at limit 1.00.