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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: yard_man who wrote (27507)	4/19/1998 4:26:00 PM
From: Knighty Tin	Read Replies (1) \| Respond to of 132070

Tip, My rule has always been, since the 1970s, that I would rather buy overpriced options. Makes the Black-Scholes people real happy. <G> But they don't call it the BS Model for nothing. Overpriced options often have insider info built in to their premiums. Still, I like to buy less popular areas when they are cheap. Right now, for example, casinos and hotels are at the peak of their stock prices, but the puts are not wildly overpriced, because everyone sees Rosy Scenario forever. MB