Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Tech Stock Options -- Ignore unavailable to you. Want to Upgrade?

To: MonsieurGonzo who wrote (29022)	11/20/1997 4:56:00 PM
From: Jerry Olson	Read Replies (1) \| Respond to of 58727

Hi Steve I've been to Paris for the last 4 years, and of course just love it... Ever go to Le Boeuf Sur Le Tait, just off the Champs Ellysee??? This is one of the best resturants in all of Paris.. Friendly, nice atmosphere, and terific food, at resonable prices... I was there a month or so ago, sitting next to Born Borg, & Jimmy Mac, they were there for the French Open... I may not have spelled it right, but make a point to try it...OK?? Regards, Jerry

To: MonsieurGonzo who wrote (29022)	11/21/1997 8:57:00 AM
From: Nemer	Respond to of 58727

Steve: ----->And simply a pleasure to watch you and Tom trading the indices. Thanks. You don't need this short explanation, but some readers might. For the folks who don't know the main difference in the way Tom and I trade----or at least my opinion of OEX trades---- I'm strickly an in and out (minutes, hours, never days) trader and Tom is a positon trader ( which could be very short term but normally is day or days). Both our methods are mechinically triggered in bound and mine is out bound. Mine is such that I can and have bought calls, sold them , and moments later bought puts. The Red Dog just points and I go------ BTW, I concur with your observations on the manner of Cousin Ike's presentation and other journalist's having two styles, as you termed them European and Western. I, similar to you, enjoy both deleveries. Regards----Nemer

To: MonsieurGonzo who wrote (29022)	11/23/1997 12:27:00 PM
From: Tom Trader	Read Replies (2) \| Respond to of 58727

Steve & others re my trades in the indices Steve, I am glad that you are finding the signals several of us have been posting here to be useful. Since you--and perhaps others-- have only recently started following the signals, I thought that I should make you aware of several matters that are pertinent to my signals: I am almost always either long or short the S&P futures--once in a rare while I do go flat -- as is the case right now. I use a reversal system, in the futures, that moves me from long to short to long and so on unless I go flat. About half my trades using the system end up being losers--but the winning trades make much more money than the losses from the losing trades. I do NOT consistently trade the OEX options--from time to time, I do take a position in the options when the I get a signal in the futures --the decision to do so is subjective and is based on my sense of how good a signal the system has generated. My current trade in OEX puts is not typical of how I trade these options. I do not know how profitable it would be to use the signals from my system to trade the OEX or SPX options. My gut tells me that it should work but the complicating factor is the decay of the time premium which is not really a factor when I trade futures. I know that a couple of people have posted that they made money on the OEX using my signals--but perhaps others have lost money and have been too kind to want to post that. Assuming that the time premium decay factor is not a significant problem when trading options using my system, I assume that if every signal were followed, though half of them would end up being losers, it should be possible to make money overall. This obviously also assumes that the system will continue to be profitable in the future. I do not and have never--to the best of my knowledge--ever posted that I have a position in the SPX OPTIONS--despite what was stated on the "ideas" thread. I have on several occasions made that clear in discussions regarding which instrument is the better one to trade in options--SPX vs OEX. I did not bother to address that on the "ideas" thread because it seemed to be pointless given that there were other misstatements/misinterpretations of my postings. My trades in both the futures and the OEX are "position" trades -- in other words they are not day trades. The duration of the trades range from one day to three weeks though it is rare that a trade falls within either extreme of this range. My signals on the futures indicate a short-term trend change -- which are wrong about half the time -- and so they should not be used on their own to determine whether one should liquidate long or short positions in specific stocks or equity options. I do try and post my signals as close to real-time as I can--when they are triggered. However, there is no assurance of this happening especially if I am not around or I have a problem logging on to SI, etc. Unlike Kevin, Nemer and Don--I don't post my signal each day as to when I would go short or long. I place my orders in the first 5 minutes or so after each futures market--that I trade--opens because where the futures open can impact my signal for the day. I don't change the order thereafter no matter what happens. Nemer and Kevin's systems are much more short-term oriented than mine and between these three systems and Don's signals I sincerely believe it should be possible to develop a system that produces more accurate results. I hope that all of the above will be helpful to you and anyone else in terms of how my system works and how I trade the index options. Regards