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To: PMG who wrote (189371)	8/25/2002 7:24:05 PM
From: Win-Lose-Draw	Respond to of 436258

that's not really my style. i use options as a way to leverage: ie instead of buying/selling QQQ at 25 i get 5x leverage by buying calls/puts 3-4 points in the money. what i lose is 2-5% because options above $3 are priced in increments of 0.10, options that deep ITM rarely sell with much, if any premium, and i eat the spread when i buy in. the upside is that only once this year has a position gone to zero. the downside is that i don't make 400%, normally "only" 20-50%. well, that and the leverage is brutal if you guess wrong: it's basically a lot like buying an accelerated rydex fund...on margin. i won't claim this is an ideal way to trade, but it works very very well for my swing trading.