Beachrogue Re: OPtions
I wonder if there if is enough interest in starting an Options board.
FYI. I just bought some Jan 20 call options on QLGC at 12. Deep in the money, I wanted a nice stake in the company and this was a way for me to leverage for just a small premium over current market price. I'm looking for a tech rally in Q3 and Q4.
I had been selling naked puts of late and doing very well. I'm playing the bigger companies that don't have a ton of volatility to keep the risk down, haven't been put any shares yet, for the last two months I've either been able to close my short position or the options expired. Been a nice little boost for my account. I've really gotten away from the more speculative plays, being content to make smaller gains, but offering more safety.
"The very existence of flame-throwers proves that some time, somewhere, someone said to themselves, You know, I want to set those people over there on fire, but I'm just not close enough to get the job done."
