Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The Covered Calls for Dummies Thread -- Ignore unavailable to you. Want to Upgrade?

To: AnnaInVA who wrote (2807)	10/20/2001 11:25:05 AM
From: Dan Duchardt	Respond to of 5205

Anna, I am convinced that trading options only on expiration day can be quite rewarding Yeah.. but then again it don't always go that way. I tried it with QCOM OCT45 in the last hour of trading figuring they would take it to near 50. I think they even tried, but there just weren't enough interested buyers. I was very lucky to get out flat before it faded into the close. I've tried a fair amount of intraday options trading, and rarely has it made good returns. The only way it works is on very liquid options with small spreads, and preferable somewhat ITM so the delta is high. The QQQ is a decent candidate, but not many stocks are suitable for this activity. Dan