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To: At_The_Ask who wrote (67488)2/26/2003 4:35:39 PM
From: jjstingray  Read Replies (2) | Respond to of 209892
 
But what month did you buy. In my case, I bought them far enough out that they should not have lost time premium. Now, I can understand if they were March's, 1/4 of the time would have elapsed.

Actually, I think options still provide an excellent way to leverage profits. This issue with the Intu puts is pretty extreme, usually I think options can be a great way to make money if you are on the right side of the trade and you do not buy too far out.



To: At_The_Ask who wrote (67488)2/26/2003 6:27:02 PM
From: Jack of All Trades  Read Replies (2) | Respond to of 209892
 
Selling naked is the best way if you can stomach it... I have been working on a ATM OEX writing system since I get more data with QCharts these days...

Once you look at historical options data on the OEX you would NEVER think about buying them...



To: At_The_Ask who wrote (67488)2/26/2003 8:01:48 PM
From: Moominoid  Respond to of 209892
 
I decided deep ITM is the only way to buy options and preferably 3 months or so out. The more like a short or leveraged long the better. So I'd only do it in the Aussie market where actually going short isn't as easy. Selling options - one month out and at the money is best. That is my hard earned experience so far :)