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Strategies & Market Trends : P&S and STO Death Blow's -- Ignore unavailable to you. Want to Upgrade?

To: ajtj99 who wrote (26139)1/24/2003 6:58:47 PM
From: Jeffrey S. Lillie  Respond to of 30712
 
i found my comfort zone with spx. if yours is with qqq then by all means keep doing that. one rule i would follow no matter what the underlying is i only trade itm or well itm options. as a short term trader i want to capture as much of the move as possible. this allows me to trade a 10 point move in the spx. with otm options it just wouldnt make sense. a 10 pt move on a $40 option could result in a 5 profit after spread/commish are taken into acct. 5/40 is 12.5%. if you bought a position of 3 thats $1500 bucks profit on a 12k investment.
have a good weekend.
going to happy hour soon
j



To: ajtj99 who wrote (26139)1/24/2003 8:08:01 PM
From: Win-Lose-Draw  Respond to of 30712
 
i knew i wasn't the only one more comfortable with NDX/QQQ than with SPX...the two just don't trade the same, and i have not yet figured out the key difference. it seems more than merely a difference in volatility.


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