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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: Nick Brown who wrote (58504)	7/10/2002 2:35:13 PM
From: William H Huebl	Respond to of 94695

I am totally flattered! Thanks.... and I hear investment clubs are a good way to go! Here are some ideas to consider: - LEAPS are like stocks only the cheaper version of them. - Calling bottoms of any market or stock is a sure way to clean out your wallet. - Unless you have some proven strategy, options will most likely take all your money, LEAPS or not. - My experience is to go with an options advisor but you must figure out how the recommendations affect your approach to trading. One firm, which I have used, makes multiple purchase of the option if it moves lower thereby lowering the average cost but increasing the broker's fees. If you have a costly broker, you cannot make the monies claimed by the advisor... As to WHICH option you should purchase... my advisor gives me that and leaves the money management strategy to me. Options, as you probably know, have volatility, and most of the ones I buy are over 40-50. That insures a small % change in the price provides a large % change in the option. I cannot but believe that your organization will do anything but lose should you use naked options... have you looked into strategies of buying the stock and, for example, selling calls on it? While there will be times the stock is called away from you, you are covered during situations when the stock falls. Just a thought.