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Strategies & Market Trends : Jim's Nasdaq100 Special as a basket. -- Ignore unavailable to you. Want to Upgrade?

To: Elroy Jetson who wrote (121)	3/9/1999 4:42:00 PM
From: James F. Hopkins	Read Replies (1) \| Respond to of 2103

Elroy; Thanx But I hate index options of any kind, they are made for suckers. The specialist, and floor traders take to big a cut, and skew them all over the place. You can't even say they track the Index, the retail market on them is just one sucker trying to screw another sucker. The big arbitrage players use them but the little guy who thinks he will make it, or outsmart the big money and get rich off index options will learn a costly lesson if he jacks with them for very long. ---------------- I Leave the index options for the big arbitrage players, as I know any one else who fools with them is a fooling themself. That's like a no limit poker game you have to have the dough behind you to buy or short millions of shares to make options move your way. The little guys in the retail market get run over, and in time the expense and spread associated with them will eat the little guy alive. The worst thing that happens is some poor sucker gets lucky early on and gets hooked on them, then before it's over he loses his shirt, and more. UOPIX & USPIX , will give you leverage, and if ur timing is right , the expense is OK, Ill let them trade the options. Jim