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Strategies & Market Trends : BEFRIEND THE TREND Short-term Options Trading Thread -- Ignore unavailable to you. Want to Upgrade?

To: Dr. Stoxx who wrote (829)	2/14/2002 10:12:38 PM
From: plugger301	Respond to of 4058

"...Otherwise, I think as long as you are confident in the market direction, buying ITM strikes on options 1 month out is probably the way to go..." Definitely getting to my comfort zone here. I am having good results doing this ...but I am not sure how much is luck and how much is the befriending the trend. I also think follow the money thinking leads to possibilities i.e. ENE to MIR,CPN,WM,to JPM,C, and like Jubal Early getting there "fustest with the mostest". Check me in a year or so and see if I still feel lucky. Well, do ya punk!<g>

To: Dr. Stoxx who wrote (829)	2/14/2002 10:28:03 PM
From: SusieQ1065	Read Replies (2) \| Respond to of 4058

I am finding stock options to be a bit frustrating. TC, i think it's just these last 5 days in front of expiration...it's been hard to fight the time decay..and the March's during this time period were too expensive... did you see PHSY this morning?...it gapped down 2 points putting me in the money on $17.50 puts. I sold them for $1.75...still trying to get something for the calls, but assuming they expire worthless, it's 60% roi. Fun stuff.. we have some good victims coming up next week for volatility...all of these have reasonably priced March options which i'll be trying to position as soon as possible. CMLS FHCC GLGC CMOS IBIS CBRL HELX MOVI SCRI BEAS BDAL JDEC SRNA WIND