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Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures -- Ignore unavailable to you. Want to Upgrade?

To: SE who wrote (7954)	11/5/1998 7:09:00 PM
From: F Robert Simms	Read Replies (1) \| Respond to of 44573

Thanks, I looked up Zap on the web. With deep in the money options, it costs 2 points to go in and out. That would be and average of one in and one out. Isn't that near what a mini would be? I usually don't trade very long so decay is not a great factor. Best Wishes, Bob

To: SE who wrote (7954)	11/5/1998 10:45:00 PM
From: Patrick Slevin	Read Replies (1) \| Respond to of 44573

Bob is talking about a positional system so the turns should not be so quick that the commission charges are a high % of the trade. Hell, he's trading SPX Options now, what could that cost? The variance in SPX Options vs trading the Mini is drop dead serious. Why trade a decaying instrument when you can trade (basically) the underlying for roughly the same margin .....of course you have more risk but unless both your computers shut down at the same time you will be on top of it in any event. And who ever heard of having a problem with computers, anyway? The tough thing about trading the Mini is that everyone thinks you are nuts. "Stocks my friend. Stay away from the Futures market they will strip you blind!!!" People ask me what the market did today and I don't know. "Well, you were watching it all day, weren't you?" Yes, the dees spoo was up 1570. "Da what?"