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Strategies & Market Trends : How To Write Covered Calls - An Ongoing Real Case Study! -- Ignore unavailable to you. Want to Upgrade?


To: Michael Schoonover who wrote (7882)7/13/1998 10:13:00 PM
From: Herm  Read Replies (1) | Respond to of 14162
 
I use to subscribe to Dial Data and feed the data in Supercharts. I no longer do that since there are many free chart web sites to obtain information.

There are sites to obtain option pricing models for free as well.




To: Michael Schoonover who wrote (7882)7/13/1998 10:14:00 PM
From: Tom K.  Respond to of 14162
 
Michael,

IMHO, the most important decision regarding tools for options trading is based on the strategy you intend to use. Options can be used as a hedge or insurance for a portfolio, as a way to generate extra income from holdings (CCing), as a way to purchase stocks below market (using PUTs), as a high leveraged investment (CALL purchase), as a cash flow generator, etc., etc.

Once you decide on the approach you are going to use, then you can seek out the tools that help your strategy. There are a lot of expensive products, services, and gadgets available, but they only help if they compliment your approach. My suggestion would be to get your strategy laid out.... doing that will generate an idea for the tools you'll need.

Hope that helps.

Tom