Chico's FAS Inc. (CHS)

[GotOptions?]

Options for Dummies from the "for Dummies" series is

available on Amazon.com and its a good read, especially

read, study and understand straddles in my opinion, it

protects your upside and downside so you can make money while

protecting downside at the same time. Simple trade buy a

call and put at the same strike level way out in the future

using "leaps" for 2011 for example. Usually January. This

way you will have an investment that is idiot proof meaning

you wont care if it goes up or down as long as it does

something. But there are alot of ways to play options

practicing by buying a straight call or put is good practice

and you can buy them for as little as 5 dollars per contract

( which is 100 shares ), but commonly for 50 to 500 dollars

or higher. If you buy them before the underlying stock

reaches the strike price just as it is passing through the

strike the % gains are the largest.


I would have given up on the markets if it wasnt for options,

they are really fun to watch and good earners as well.