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Technology Stocks : Kulicke and Soffa -- Ignore unavailable to you. Want to Upgrade?

To: Ian@SI who wrote (2892)	4/24/1998 3:13:00 AM
From: Fortinwit	Read Replies (1) \| Respond to of 5482

Ian is right. But if you absolutely must trade options, the best advice that I have been given is the following: * Only buy in-the-money puts and calls, * Chose a strike price such that a 10% move in your direction will cause the option's intrinsic value to roughly double, * Chose a longer expiration date (at least 45 days out), * Buy only as many contracts equivalent to the amount of underlying stock you can afford, * Chose your exit price and live with it. Don't get greedy. Don't get fancy. These 'rules' have saved me money. Options are not for the faint of heart.