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<DIV><FONT size=1></FONT><STRONG><FONT face=Arial
size=2>GUY</FONT></STRONG></DIV>
<DIV><STRONG><FONT face=Arial size=2>I wonder how Valueline stacks up against
Barchart.com?</FONT></STRONG></DIV>
<DIV> </DIV>
<DIV><STRONG><FONT face=Arial size=2><A
href="http://www2.barchart.com/sigtop.htx";>http://www2.barchart.com/sigtop.htx</A></FONT></STRONG></DIV>
<DIV> </DIV>
<DIV><FONT face=Arial size=2><STRONG>James Wolf</STRONG></FONT></DIV>
<DIV><FONT size=1> </DIV>
<DIV><EM><FONT face=Arial size=3>List,</FONT></EM></DIV>
<DIV><EM><FONT face=Arial size=3>Here's the ValueLine update as of today
(EOD).</FONT></EM></DIV>
<DIV><EM><FONT face=Arial size=3>PERCENT RETURN ON 6-12 BUY
SIGNAL</FONT></EM></DIV>
<DIV><EM><FONT face=Arial size=3>NUMBER 6/13/00 6/14/00 6/15/00 6/16/00
6/19/00</FONT></EM></DIV>
<DIV><EM><FONT face=Arial size=3>OF STOCKS *</FONT></EM></DIV>
<DIV><EM><FONT face=Arial size=3>ValueLine Picks 35 4.91% 1.95% 3.06% 6.39%
12.45%</FONT></EM></DIV>
<DIV><EM><FONT face=Arial size=3>SP39 Selection 11 3.64% 1.78% 3.48% 1.16%
5.25%</FONT></EM></DIV>
<DIV><EM><FONT face=Arial size=3>Actual Trades 15 3.61% 0.01% 1.30% 0.23%
6.76%</FONT></EM></DIV>
<DIV><EM><FONT face=Arial size=3>* With missing stock - GLW</FONT></EM></DIV>
<DIV> </DIV>
<DIV><EM><FONT face=Arial size=3>I'm vindicated here. My selections sneaked
ahead of our SP39 selection, so</FONT></EM></DIV>
<DIV><EM><FONT face=Arial size=3>I'm not a total loser. :) Regardless, the
ValueLine recommendations</FONT></EM></DIV>
<DIV><EM><FONT face=Arial size=3>outperformed our other two portfolios. Guess
what we'll be buying for our</FONT></EM></DIV>
<DIV><EM><FONT face=Arial size=3>next buy?</FONT></EM></DIV>
<DIV><EM><FONT face=Arial size=3>Guy</FONT></EM></DIV>
<DIV><FONT face=Arial size=3><EM>Paranoia...you only have to be right once to
make it all worthwhile!</EM></FONT></DIV>
<DIV></FONT> </DIV></BODY></HTML>
</x-html>From ???@??? Mon Jun 19 17:14:38 2000
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Date: Tue, 20 Jun 2000 18:32:41 -0500
From: The DOCTOR <droex@xxxxxxxxxxxx>
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To: metastock@xxxxxxxxxxxxx
Subject: Re: Selecting options or writing uncovered options
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Status:
What firm approved uncovered index...I'm curious.
Guy Tann wrote:
> Alex
>
> It's already approved and set up. Got final approval for uncovered sales
> last week.
>
> I think what helped was that we have been trading futures for over 40 years,
> have a pretty good income without trading and maintain a fairly good size
> account with them. In addition, when I was speaking with their auditor
> (checking out our application) I mentioned that options and stocks are what
> we consider to be secure investments after over 40 years of futures trading.
> He laughed and agreed. :)
>
> Now, since we'll be starting small, do we write short term options or longer
> term ones?
>
> Guy
>
> Paranoia...you only have to be right once to make it all worthwhile!
>
> -----Original Message-----
> From: owner-metastock@xxxxxxxxxxxxx [mailto:owner-metastock@xxxxxxxxxxxxx]On
> Behalf Of The Doctor
> Sent: Monday, June 19, 2000 1:52 PM
> To: metastock@xxxxxxxxxxxxx
> Cc: Metastock User Group
> Subject: Re: Selecting options or writing uncovered options
>
> Guy,
>
> First it is unlikely your equity will allow you an account that allows the
> selling of index options. Make certain you can do the strategy first.
>
> Guy Tann wrote:
>
> > List,
> >
> > Well, here I come again from our normal position of ignorance.
> >
> > We're planning on getting more involved with options. For our next sell
> > signal that could arrive any day now, we plan on writing SPX Calls and OEX
> > Calls in addition to buying SPX and OEX Puts. We have very little
> > experience buying options and have had beginners luck with our first 5
> > trades. Now we're going to get a little serious here and try to make a
> few
> > bucks.
> >
> > We've each budgeted $10,000 for buying options and another $10,000 as our
> > exposure writing options.
> >
> > Now, I'm busy reading my option book, like a good little student. Since
> we
> > lucked out with our previous trades we're feeling overconfident. :) I do
> > have a question regarding buying options (since I haven't gotten to that
> > chapter yet):
> >
> > How should I select what option to buy? Currently I select 'in the money'
> > options and look for option months that have a pretty large open interest.
> > Is there a formula or a decision process we can apply to pick the right
> > option month?
> >
> > In terms of writing uncovered options, my question is basically the same.
> > How do we determine which options to write? I guess, even more important
> > is, do we write options that expire out 3 months or would we write the
> near
> > month options? Again, since we're short term traders and will probably be
> > buying these back before they expire, my guess is that we should write the
> > near month.
> >
> > Additionally. my idea is that we should write 'in the money' options with
> > pretty good open interest. Again, I'm sure there is a methodology
> somewhere
> > that would help us make a semi-intelligent decision.
> >
> > Any recommendations or thoughts would be appreciated.
> >
> > Thanks,
> >
> > Guy
> >
> > Paranoia...you only have to be right once to make it all worthwhile!
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