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Microcap & Penny Stocks : Rat dog micro-cap picks... -- Ignore unavailable to you. Want to Upgrade?

To: BW who wrote (6781)	1/18/2002 10:27:06 AM
From: Bucky Katt	Respond to of 48461

Boyd, I have read over 25 books on options, but after all of that, I use a simple strategy, I pick direction only. This simple strategy works for me. If I think something (stock or index) is going to go up, I pick a strike price, usually out of the money, and make an initial call buy, and then buy more if the option get cheaper, as I described the past week in the QQQ puts, as I thought the QQQ was overbought. I also use a formula to offset my risk equal to the amount of the total non-option $$ I am holding either long or short, but that is another matter. Best book on the option subject is Options as a strategic investment, by Lawrence McMillan The CBOE will also send you all kinds of info, free. Just hit their website. It is not always peaches & cream, I am going to eat some Jan ORCL puts, it just did not crack like I thought it would, so I opened some Feb puts. So I either make my money back that I lost, plus some, or I am wrong twice. That is the game. However, everything else I had I made nice gains on, like TYC, which I mentioned early this week, and of course the cube puts, and a few others. Looking at $50 puts in HDI. Did you see those INVN calls today? I sold too early!!!!!