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

To: Roman S. who wrote (621)	1/29/1998 11:25:00 AM
From: Carl Fritch	Read Replies (1) \| Respond to of 2241

I'm sorry, I didn't respond very clearly... I knew you were buying options on the commodity. What you are saying is true, with an option on a commodity you are only risking the money you pay for the option. I just don't know enough about them to be of much help. I have a pretty good feel for options on stocks and some of the strategies involved in making money from them, I know that you can do many of the same strategies with options on commodities. I took Larry Williams, Jake Bernstien, and Ken Roberts classes (please excuse the spelling on the names) on them but realized that it would take more capital than I had to do it right. (Larry Williams Recommends a min. of $20,000 I believe). Of the 3 courses I felt that Larry Williams and Jake Bernstien were the best... I can't recommend Ken Roberts I don't think you got enough information for the price plus he makes it sound too easy. I also recommend you do a net search for commodities, I found a lot of good information on the web. There are several sites including the Chicago Board of Trade. (http://www.cbot.com)that can hopefully give you the information you need. Hope this helps. Good Luck Carl Fritch