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Strategies & Market Trends : Tech Stock Options -- Ignore unavailable to you. Want to Upgrade?

To: Lee who wrote (46860)	6/25/1998 11:06:00 AM
From: coug	Respond to of 58727

Lee, Those are good points.. I just never got around to the derivatives on the futures.. I'm a purist in a way.. I used to trade bonds a little.. I'd get a good hit, then give it back.. So news driven... I like it now with the S&P when it has dis- engaged from the bonds somewhat... It appears easier for me.. Good luck... the Coug

To: Lee who wrote (46860)	6/25/1998 11:26:00 AM
From: Nemer	Read Replies (3) \| Respond to of 58727

Hi Lee: SPX points for mid morning ...1120...1125...1129...1131...1135...1142...1145... the BBx said that SPX needed to penetrate 1141.75 pretty soon (now) or it will hold as resistance for a tad (30 min) ....or maybe longer -- currently trading at 1140.59 --------> Looks like selling options is also the best way to capitalize on sideways markets too, just have to remember to get out after a big move (when premium gets stripped). Excellent observation, especially as it coinsides with mine .....ggg but the time to get out is >>before<< the big move if it's in the wrong direction for you........GGGGGG Regards --- Nemer

To: Lee who wrote (46860)	6/25/1998 7:43:00 PM
From: Patrick Slevin	Read Replies (2) \| Respond to of 58727

I don't know Lee, I think you are wrong. Why futz with the options when you can trade the big picture? You admit the option premium can be messed with but the contract is the contract. Either you have the direction right or you don't. It's too easy to allow your options to waste. While with the contract you must make a decision. I guess my point is, I would rather know I have to %^&* or get off the pot than to be lured into a false sense of security thinking that my options still have a chance in hell of making me money. As far as unlimited loss is concerned, that is a real stretch in futures trading....with all due respect to coug.