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Hello Alex,
I worked as a clerk for a Market Maker in the OEX pit. I was given the
opportunity to do option workshops there and their fundamental book
use was the one that you suggested. For the person wishing training,
depending on your time and finanices, the CBOE puts on great practical
option training workshops.
you wrote:
> Learn what volatility means and how it impacts option trading.
> "If you are correct about price change, but wrong about volatility, your
> trade might not make money."
> "If your correct about volatility, but wrong about price change, your trade
> might not lose money."
> Read Shelly Natenberg's book on Volatility..... If you don't fully
> understand it you are at a huge disadvantage as an option trader.
> -----Original Message-----
> From: sphill1067@xxxxxxx [mailto:sphill1067@xxxxxxx]
> Sent: Saturday, October 06, 2001 3:14 PM
> To: realtraders@xxxxxxxxxxxxxxx
> Subject: [RT] Practical Option Advice
> I'm looking for some practical guideance in trading options, and
> wonder what the group would recommend. I'm not looking for a "magic
> bullet" or "secret" that will make me rich overnight. I have traded
> options on occasion, and have attended seminars and read several
> books, so I don't need theory or basic information as much as I need
> an organized approach.
> I'm fairly successful in deciding price direction, but unsure of
> which options to choose, and how to best place the orders, etc.
> Can anyone recommend sources of information? Have any of the home
> study courses or software programs proven useful ( such as Chuck
> Hughes, Don Fishback, etc.}? I find McMillan interesting but tedious.
> Dave Caplan's own broker cost me a fortune ( I guess that's why we
> don't hear from him anymore). I just don't know who is reliable, and
> would appreciate feedback.
> Thanks.
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--
Namaste',
Mark
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