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LMRI T/A

12/08/03 1:49 AM

#2801 RE: Jakespub #2800

Thanks, Jake.

I've never traded options before and am still far from being able to day-trade it IMO. E.g. how do you read the stock chart into day-trading its options? What I had in mind was strict day-trading (i.e. always closing my position before the close). Aren't options by nature betting on some distant future (like the coming months)?? Or do they "gyrate" in price intra-day almost exactly like their stocks?

eom