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

To: RSAMBER who wrote (523)	1/21/1998 3:46:00 PM
From: scotty	Read Replies (1) \| Respond to of 2341

Hi Rsamber, IBM fell on earnings news.I can tell by your post that you are buying deep out of the money options,usually a long shot.At the money is the best way way to go unless you anticipate a big move.Most newcomers are attracted by cheap out of the money options,but those options rarely pay off.I buy deep out of the money sometimes,but usually I buy at the money or point or two out of the money.

To: RSAMBER who wrote (523)	1/21/1998 4:52:00 PM
From: Broken_Clock	Read Replies (2) \| Respond to of 2341

RSAMBER try here for news. quote.yahoo.com If it ain't there it probobly just hasn't hit the wires yet.BTW ... IBM missed earnings.The whole planet knows<g> First thing on options...learn before you burn.I played IBM and escaped with my life.The boys with lots of volatility juggle the premiums.I saw a stock go up $7 and my premium did't flinch.Especially true with way out of the money options. ETH had blow out earnings.careful.Look for the trend to continue and go with it.That's safer.You need to learn TA if you're going to buck the trend. Dave