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 : Trading SPY and DIA for Fun & Profit -- Ignore unavailable to you. Want to Upgrade?

To: pass pass who wrote (33)	1/30/1998 10:14:00 AM
From: James F. Hopkins	Respond to of 130

HI PASS; There are some options on the Naz 100, commissions and spreads make these not good plays. Options are for larger players who hedge positions aginst long/short positions in the index. 85% of indivdual players lose gambling in options. Most people who deside to play options and try for the quick money will discount this no matter if they were shown the actuall data. I've checked it out in ways that if I were to say how could cause a friend of mine to lose his job. There are rare times that one can win in options on individual options, but that person has to be well experance, knowing how to reconize a squezz play on highly shorted stocks and buying puts just after the spike "if" it was caused by a squeez. Or buying calls "if" one finds a stock that is being set up for a squezz. Other than that Options are a suckers play, and should be only used hedging aginst the long/short in the stocks, even this is for big time players, minnows get eaten alive. Jim