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Strategies & Market Trends : LastShadow's Position Trading -- Ignore unavailable to you. Want to Upgrade?

To: Matthew L. Jones who wrote (9315)2/27/1999 10:38:00 AM
From: Leland Charon  Read Replies (1) | Respond to of 43080
 
Matthew,

I don't do much selling of options. It is something that I will probably look at when the time is right. I am concentrating on daytrading and position trading stocks for now. I have been at this daytrading thing for a couple of years and have had pretty good success. I know there are many other strategies out there that I have yet to learn about but hey I am only 23 years old.

Thanks for the tip,

Leland



To: Matthew L. Jones who wrote (9315)2/27/1999 2:24:00 PM
From: AlienTech  Read Replies (1) | Respond to of 43080
 
>>Sell an out of the money put. No uptick required and a limited downside. Not much good for quick moves but works pretty well for sustained all day moves. <<

Woudnt it be much safer and easier to use the sector spiders rather than options? I know you can make a killing in options, But I also have found it rather hard to use due to the spreads and the MM games.


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