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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank -- Ignore unavailable to you. Want to Upgrade?


To: the options strategist who wrote (10169)6/10/1998 12:33:00 PM
From: Jenna  Read Replies (6) | Respond to of 120523
 
Jen..I've sorry if I wasn't clear. What I meant was that I would NEVER hold an option for more than 1 week irregardless if it were INTC, WLA, IBM or WDC or whatever. I don't feel options are assets.
Three ways I trade options:

1) for high priced stocks that look good as position/daytrading candidates I would buy in-the-money calls and sell them before 7 days.

2) for earnings plays I would buy calls on a company such as JBL and hold either for 1-3 days or just intraday.

3) I daytrade options on stocks that have very high trading ranges (i.e. INTC, CDG,SEEK, YHOO, etc)..

The common denominator in all these trading styles is that I would NOT hold options for more than 1 week. I am extremely cautious,perhaps overly so where options are concerned. But the old adage holds true: better to be safe than sorry.