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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives -- Ignore unavailable to you. Want to Upgrade?

To: GROUND ZERO™ who wrote (37349)9/5/2012 11:42:07 AM
From: Wayners  Read Replies (1) | Respond to of 218889
 
I've been buying options in the money recently, have to move at least 80% with the underyling price. Money management and good technical analysis are key, catching pretty fresh reversals and not getting greedy. I only recommend this highly liquid options where the spread stays at a penny or two. This typically only occurs on major indexes and huge multinational companies. Anything else and you can get into big trouble fast.



To: GROUND ZERO™ who wrote (37349)9/5/2012 11:47:21 AM
From: Wayners  Read Replies (1) | Respond to of 218889
 
The reason for not buying the stock is it can cost too much money for too little potential reward. For example on those GLD calls I bought, It only cost me $5000 for the calls. Buying that much GLD outright would have cost me $113,000. If I bought $5000 of GLD outright instead of the calls, the percentage move in GLD to make $500 would be so large as to be impossible for a daytrade.


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