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To: ViperChick Secret Agent 006.9 who wrote (75059)10/27/1998 10:26:00 PM
From: Pablo Escobar  Read Replies (1) | Respond to of 176387
 
Lisa,
What is your target percent increase in an options price before you
take your profits on say dell calls. Thanks



To: ViperChick Secret Agent 006.9 who wrote (75059)10/27/1998 10:30:00 PM
From: lin luo  Read Replies (1) | Respond to of 176387
 
Lisa,

I am not aware of Tom Dorsey, and probably don't care who he is. My message to you is not try to convince you anything. If you believe that the options is mispriced due to the highly persistence of the price movement and anti-persistent volatility, you should figure out why people sometimes make money and sometimes lose. It is the underlying people could not make it right, especially when volatility is high.

On the other hand, if you think the options is fairly priced, it will be an idiot to play with it, no matter what ways people play it.