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Pete:
I day trade S+P options and seem to get the delta since I'm in the trade only
between 5 min and 30 min. Do you see time decay go that fast or am I missing
something?
Marcelo
Peter2150@xxxxxxx wrote:
> In a message dated 98-08-22 07:31:50 EDT, charlie@xxxxxxxxxx writes:
>
> > don't you all agree there is more bang for your buck if you are day-trading
> > oex, verses s+p, not to mention NO MARGIN CALL, even if holding only a few
> > days, the time value is basically irrelevant (spelled right?).
>
> Gary
>
> I totally disagree with the statement that time value is not
> important. I used to trade the oex options, and the time value can kill you.
> At least with the futures, the value of your position doesn't fade away, if
> the market doesn't move. I can remember buying options, and watching the
> market slowly drift in my direction, and watching the options lose value
> because of time decay. You need to both be right about direction, and have a
> volitle move in that direction. The key to me if you are going to do what you
> are doing is when you get a thrust in the right direction like we had Friday
> morning is to take advantage, and take profits, because if the market moves
> the other way, you have both price and time working against you. My
> humble opinion.
>
> Pete
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