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Strategies & Market Trends : Options 201: Beyond Obi-Wan-Kenobe -- Ignore unavailable to you. Want to Upgrade?

To: Allen Furlan who wrote (805)	3/2/2003 2:52:58 PM
From: tyc:>	Respond to of 1064

Thanks Allen, I sure would like to find Beating the Market. I sure hope it works better for me than "Beating the Dealer" did !.. I am very familiar with the latter and thought it was a great story. My introduction to long term warrants was a book by a Canadian Morton Schulman, called "Anyone Can Make a Million" I believe. I remember now that one of his rules was; be sure to sell when the warrant-life falls to two years. Obviously this was a reference to what we now call "theta"; as expiry approaches the decay of the time premium becomes significant. By the way, it seems to me that the subject matter might have some relevence to hedging against a fall in the US$. But I acknowledge that volatility is also a measure of risk. A 90% annual volatility suggests significant risk so everyone might be well advised to do his homework.