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Strategies & Market Trends : Option Trades -- Ignore unavailable to you. Want to Upgrade?


To: zx who wrote (193)1/1/1998 4:41:00 PM
From: scotty  Read Replies (1) | Respond to of 2341
 
Ag,thot you might be interested in a big winner I hit a few months ago.I'd swore I'd never trade options again after losing a few thousand,been out of options for years.I won a grand on the lottery and put that money and 3k more in account.I thot techs were due for setback so I put a grand on SGI puts,loser expired worthless.Bought 46 contracts of SGI at 5/8 and sold a week later for 30k.I remember trade well,Joe Kernan on CNBC reported that SGI lost .20 a share and SGI dopped 8 points that day.Been grinning ever since.