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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: paulmcg0 who wrote (19227)	5/27/1998 1:56:00 PM
From: James F. Hopkins	Respond to of 94695

LOL; That's why I lost much of my interest in options, for over two years now I've been watching that same thing. By the time the market confirms a direction the big boys know it and the premium skews , let the market reverse and they skew it back the other way. Options are not just tough it's like the odds are always stacked against the option trader, and if you chart them you will see that much much much more money is lost on options than is ever won, newbies paper trade them and say wow look at what I could have made..but they don't look under the blanket , and when they go to trade they find out the real thing is not as easy as the paper trades. We don't hear from the losers that much as they are to embarrassed to talk about it..but just chart options when they expire out of the money and look at the volume that was sold and never redeemed; by and large trading options is mostly a scam. Don't get me wrong I still trade a few , ( very few ).. But I look for things the average option trader don't look for. I look for the pain level, if it's not already in place I pass. I sold my calls this morning on RN..maybe to soon but I got out even. I don't like the looks of the market. I would have never gotten out even had it not been for that pain level that was built into those options when I first bought them. I may buy them back if the market turns up. --------------- Jim