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

To: kabbott who wrote (716)	2/18/1998 3:26:00 PM
From: MJR	Read Replies (2) \| Respond to of 2241

I have a new trading theory that I'd like to run by the thread for comment. In general, I have been trading options on stocks all over the place in regard to industry group with only marginal success. I guess some profit is better than none, but, I believe I can do better. I am by profession very involved in the computer industry so companies like DEC, CPQ, MSFT and DELL are very familiar and of direct interest to my daily professional life. In addition, I closely follow the Nasdaq 100 index as it tends to chart the direction of the technology sector as a whole. Thus, my feeling is that I would do much better trading a small group of options on the mentioned companies and the Naz100 index and follow only those. This way I can buy/sell the calls/puts based on trends that I will be very close to and familiar with amd may have a better chance of making an educated guess rather than flying simply by the charts and knowing virtually knowthing about the business (which is not much better than throwing darts). It seems that there's lots of opprotunity in options no matter what the trend is.. up or down. Comments, thoughts? Regards, Mike