Free online seminar: how to trade options : LUSENET : TimeBomb 2000 (Y2000) : One Thread

There have been many comments on this discussion board about how to trade options. The Chicago Board of Options Exchange is giving a free online options seminar on December 9. To register, go to this link:


-- walt (, December 02, 1999


Please delete.

-- MinnesotaSmith (, December 02, 1999.

Thanks Walt. I'm going to be there. :)

-- Dolly Llama (, December 02, 1999.

Minnesota! Don't try to suppress what you don't understand.. Options trading over the y2k period could be some people's best hope to prep for post-y2k. Gold calls, index puts, can be bought cheap and can make you mad amounts of money - ASSUMING YOU KNOW THE APPROXIMATE TIMING OF A MAJOR MARKET MOVEMENT - which us y2k nuts certainly do. Things might be a 8+, in which case you will have wasted your money, but if things hold together sufficiently for there to still be a DJE and a CBOE, then you'd be a great chance of scoring through options trading. But it's tricky. Hence the usefulness of walt's post.

-- number six (1@!.com), December 02, 1999.

Number 6, I am not totally ignorant of what options are and mean. From the article on my website "Finding Y2K Prep Time and $$":

" [DON'T] buy stocks or bonds (of any type); I expect that losing half of their value by Spring 2000 and becoming unredeemable for years is the best situation you can hope for if you own these for too much longer; if anything, sell every one of these you own before their price drops (and while you still are able to sell them). Don't buy short options, either; by the time the effects of Y2K would make them highly profitable, I expect that collecting on them will be difficult or impossible."

Fine, if other people (sober GIs) see a use in this, I withdraw the request. I hold to my opinion in this matter, though; the game is rigged, and all you can expect to accomplish IMO is to have less money for preps. As a support for this, brokers are allowed to carry out trades in order of size, not in order received. It is not hearsay or an opinion; I saw this for myself in a passage in the Federal Register.

-- MinnesotaSmith (, December 02, 1999.

ok. Maybe you do understand some.

-- number six (!@!.com), December 02, 1999.

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