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