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Strategies & Market Trends : From the Trading Desk -- Ignore unavailable to you. Want to Upgrade?

To: Terry Maloney who wrote (4327)	3/8/1999 7:59:00 PM
From: steve goldman	Respond to of 4969

1. Covered options to be would incur less risk than long calls or puts. 2. then long calls and puts 3. then naken writes. we dont have per se levels, yet we work with all clients to learn their experience before we let them write anything naked. and we ensure they have the requisite experience to understand risks of long calls or puts. Some people dont realie you can learn 100% of the security on options. personally i love options and find them to the most mathematically challenging. As an option principal, I tend to handle a lot of large options tickets. They are fun to trade as well, though not the same degree of immediate satisfaction given the relatively "less-tech' systems the exchanges offer on options. NO such thing as a two second fill on an options. If you use raes or pace, five to 10 seconds might be considered quick. regards, Steve@Yamner.com