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Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?

To: Al Serrao who wrote (13126)	10/29/1997 7:08:00 PM
From: Judy	Read Replies (1) \| Respond to of 50167

Al, the time element of an options strategy depends on one's expectation of the stock's performance. I seldom enter an options trade without several motivating factors lined up in a defined time frame. For instance, I'd use 6 month options to take advantage of a technical breakout, strong quarterly earnings for the sector, split, etc. Longer-term options allows more alternatives to optimize profits and removes the time pressure should the trade move against you temporarily because of a manic market.