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To: ALTERN8 who wrote (12534)	7/2/2003 3:41:28 PM
From: James Strauss	Read Replies (1) \| Respond to of 13094

I have never traded options and would like to get into that game, do you have any book recommendations for an options beginner? TIA BTW, Jim, Your recommendation to move into RYJUX could not have been more timely. Excellent work. AB: The Option Advisor by Bernie Schaeffer is a good place to start... traderspress.org Keep in mind that over 90% of option contracts expire worthless... Most people lose money with this... For me the most important element is the underlying stock... Am I bullish or bearish at key support and resistance levels... Buy Calls if you're bullish... Buy Puts if you're bearish... As for Rydex JUNO, we are just at the beginning of a long period of rising rates... This should prove to be a good conservative long term investment providing that the economy doesn't go into deflation... Jim

To: ALTERN8 who wrote (12534)	7/2/2003 4:32:25 PM
From: Bucky Katt	Respond to of 13094

I would suggest the following> Go here> stockfocus.com and get this group trial of option newsletters. $59 is a good deal and will help you develop ideas. As far as books go, I have read maybe 2 dozen of them in the last 15 years, most are way too dry and cover in detail strategies most people will never use, so try the library and take out all of the books they have on the subject and skim them for info you think may be useful. Jim is correct (of course) that most options expire worthless, and that is because they are mostly used to offset some kind of risk (like insurance) and/or are written by people who know what time it is... (they get the premium & the suckers get stuck)