jgpo@ihu1e.UUCP (John, KA9MNK) (04/22/85)
Well, I was just reminded of my promise to summarize to the net any responses I got to my query on trading options. Sorry about the delay, but you know how work and school can get in the way of more important matters. :-) Two books were recommended: "The Stock Options Manual" Gastineau, Gary L. McGraw-Hill Book Company ISBN 0-07-022970-8 "Options as a Strategic Investment" McMillan, Lawrence G. Some comments were received: "I talked to an options specialist at DWR who recommended 'Daily Graphs' (213) 820-2583, $40/qtr with a 5 wk trial for $7. I decided against it for myself - I can't make money doing what everyone else is doing." Point well taken. Other respondents exhorted me to peruse my local public library. Now why didn't I think of that? Other folks were quick to warn me that options are tricky, the best way to get started is to write covered calls, and to have plenty of capital I wouldn't mind losing. I tried Value Line's Options and Convertibles service for an 8 week trial ($37.50) and did some pretend options trading. I was impressed with Value Line's service, but I came to the conclusion that I don't have nearly enough capital to start fooling around with options. Oh, well. I guess I'll just have to stick to common stocks for a while. If you can't live long, at least prosper, John Opalko AT&T Bell Labs Naperville, Illinois ihnp4!ihu1e!jgpo