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In a message dated 98-08-01 01:02:45 EDT, you write:
<< In a message dated 98-08-01 00:51:02 EDT, brente@xxxxxxxxxxxx writes:
<< In the recent past I considered day trading futures options even in liquid
markets like Bonds or the S&P to be difficult or likely to be unprofitable.
Since THE DOCTOR at the CBOE told me that he day trades options everyday
for a living I’ve been thinking about it some more. Could any of you
educate us about the advantages or disadvantages of day trading futures
options in these or other markets? I’m hoping to get a little discussion
about this. Advanced thanks.
Brent >>
Likewise, I too am developing an interest in learning more about the
advantages of using options as a venue to trade the futures markets. I have
heard that the risk per position is less than holding the underliying
contract.
Any informed input here would be appreciated, and would seem to make a new
and
interesting string of discussions.
Sincerely,
Pompatis
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Date: Sat, 1 Aug 1998 00:57:46 EDT
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From: POMPATIS@xxxxxxx
To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
Subject: Re: Day trading futures options.
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>>
i have been doing the combo for years
i enter for example short 4 sp500 5 dats ago
and at same time bought 4 calls for august with a strike price 7 points
above my sell short order.
when sp closed 20 points under my original sell short order i sold call at
a little loss (volatility increased).
but now the down trend is in so my stop is 10 points above fri low
Ben
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