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My habit is to buy "near-the-money" options on indices. It has aways seemed to be more
conservative, as premium does not erode as fast---that is to say, if I am incorrect, I
can limit my loss to a resonable percentage of the original investment.
I am sure better profits may be made with "out-of-the-money", but in my view it entails
more risk.
One broker I use is E.D.&F. Man in Chicago. I'm not certain, but I believe they once
told me they would take stops on options.
--PJS
Michael Mangiafico wrote:
> What I do is seek out major opportunities using only classic
> formations, major breaks, from all 600 charts maybe I will trade 5-10
> major's, and with that I have done quite well. Please take a look if
> you like.
>
> If any in the group are going to short an index or stock--what is the
> best way???? I want to mirror (delta--1) the movement of the index or
> stock I am shorting, because my analysis is done off of that chart.
>
> I am interested in selling stock short, is that a better route?
> For indices, should I buy puts in the money or out of the money?
> Because I am in many issues, does anyone know of a broker that will take
> stop/loss orders for short sells and or options??? I am away from the
> office a lot and need to protect profits/losses.
>
> Any and all help would be appreciated. thanks very much.
>
> Regards,
> Michael Mangiafico
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