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Strategies & Market Trends : Point and Figure Charting -- Ignore unavailable to you. Want to Upgrade?

To: lobster who wrote (975)	2/22/1998 9:35:00 AM
From: Jerry Olson	Respond to of 34812

Morning Lobster I use In the Money(ITM) options usually with 2-3 months of time, even for a short term trade most of the time...in case you get blindsided, or the trade moves against you for one reason or another.. My rule of thumb is, if a stock can move 10% then I would want my option to double in price...i look for 100% return on my option trades.. If you stick with Big Cap Power stocks say from 75-150 in price, a 10% movement will almost garuntee you a winner<GG>..your controling 1000 shares of stock for 4-5-6 bucks, or 4-5-6thousand for 10 contracts, which is my minimum trade... Hope this helps, Jerry