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


To: Fast Eddie who wrote (4331)3/12/1999 1:26:00 PM
From: Michael Turner  Read Replies (1) | Respond to of 4969
 
Sorry to disagree, but I do... I have been trading options for about 10 years, and find them to be the best of all instruments.

HOWEVER, they are extremely complicated (when you get into strangles, butterflies, xmas trees, etc.) and I would NEVER recommend it for anyone who is faint of heart.

The naked option is a great bet if the risk/reward is there...right now I am thinking about going naked long Puts on a few of the tech stocks...looking thin and weak!

Michael Turner
Author
DayTrading into the Millennium
tradersresource.com