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Technology Stocks : INTEL TRADER -- Ignore unavailable to you. Want to Upgrade?

To: Jurgen Trautmann who wrote (2392)	4/17/1998 2:38:00 PM
From: smolejv@gmx.net	Read Replies (3) \| Respond to of 11051

>>I disagree with Janko in this point "deep in the money".<< There's absolutely nothing to disagree upon. Its just a question, like juri himself says, of figuring out his/her optimal risk/benefit point. After all a stock can be thought about as a call with zero value of the underlying and the due date right now. Add the time dimension and the value of the underlying, its a whole world of possibilities. Im just talking buying - selling covered or uncovered is forbidden fruit for me at the moment. My experience is: watch the implicite volatility of the option and make your pick. Here in Germany you have brutes (like Citibank) that just stand out like a sore thumb (I understand they have to cover some bad 9digit decisions. And then issuers like SalOppenheim or Goldman Sachs, which are good in prices and in what they put together in terms of offerings. There's also a monthly check of companies here as well with the indication of their average spreads between calls & puts. Man is this istructive reading. Janko PS: anybody want have Excel do Black-Sholes math for him? Ring me up. If you dont know what Im talking about, well dont buy, jsut send money directly to me. At least you'll know where it ends up.

To: Jurgen Trautmann who wrote (2392)	4/17/1998 3:19:00 PM
From: MonsieurGonzo	Read Replies (1) \| Respond to of 11051

King LEAP; RE:" PFE " ...it's ballistic today - they are pouring $ back into DRG.X today. hey! Thanks a lot for sharing your experience with us, my friend. I note that I have been buying further and further out in time, too - as I've gotten more experience. When I short-term trade the index-options I have had better luck with at-the-money or very near-the-money contracts. You don't do spreads, do you Jrgen ? I think we talked about that before.... ...do you ever write CALLs against your long positions (?) or do you just cash out when things start to go down and re-enter later ? One of the things that surprised me about IT was that he never seemed to play the short side. -Steve