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 : Options for Newbies -(Help Me Obi-Wan-Kenobe) -- Ignore unavailable to you. Want to Upgrade?

To: Madpinto who wrote (545)	1/4/1998 11:21:00 PM
From: KellyW	Read Replies (2) \| Respond to of 2241

Michael, my portfolio is up nearly 100% as of June 1st, 1997. I am a successful investor and want to use my skills for maximum leverage (Options). I just read an okay book (Nothing fantastic, but okay), called HOW TO BUY TECH STOCKS. In it, the author talked about turning $100.00 into $1.5 million via 6 consecutive, successful, options trades. Yet, the author didn't go into it in any detail at all. Basically, the author was talking about a 5 bagger with each trade. If I firmly believe the market as a whole will correct, is it most lucrative to buy an Index put or a specific stock put? Does one have more leverage than the other? And if the DOW dropped from, say 8,000, to 7,000, in one-three months, what kind of money would you make on that with $10,000.00 worth of puts? Thanks a ton.