Ensure That You Follow The Correct Option Market Strategies To Increase Your Profits

by David Jenyns on December 25, 2006

Ensure That You Follow The Correct Option Market Strategies To Increase Your Profits
I had concluded after the LORILLARD deal that my option market strategies were working so well that I did not want to entrust it into the hands of one firm. In the third week of May 1958, I cabled New York to buy 500 BRUCE at 50 & three quarters with my automatic on stop buy order. I put in a stop-loss of 48 as per my option market strategies. In the following days my option market strategies acted so beautifully that I decided to take full advantage of the existing 50 margin conditions. When I saw that my stop-loss was not touched off I proceeded with further purchases, each of which was protected by stop-losses between 47 and 48. I figured that, should I be stopped out, I would only lose my DINERS’ CLUB profit.

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