FREE ANTI SPYWARE GUIDE
- Spyware is a real problem these days, far worse than the average computer user thinks
- If it carries on unchecked it could well curtail the growth of the whole internet
- Spyware is hidden software installed on your computer without you knowing it
- The software then mines your computer for all sorts of data which is then usually sold to third parties
- LearnMoney has produced a detailed yet very simple to follow guide enabling all our members to get rid of the problem AND keep a clean computer
If you haven't already downloaded the guide then please go to the link below and use the user/password combination that was received in the email alerting you to this Newsletter. If you're still having problems then please email us.
- The Anti Spyware guide will be updated when further information and software is available
- There are no new updates for this month but we're testing a promising new piece of free software
- Details in the July Newsletter
NOTE: If you buy Anti Spyware and Anti Virus software you're most probably wasting your money. The free software detailed in the guide does the same job if not better.
OPTIONS ARE CHEAP?
If you're not familiar with Options then check out the LearnMoney Traded Options section - Click Here
- One of the most important factors in trading options is volatility
- If volatility is high then options become expensive, if volatility is low then options become cheap
Volatility is basically a measure of the risk in a market making a certain move. For example, in the Spring of 2002 the FTSE 100 index was trading in a very range of no more than 200 points over a month or so. But in early summer (2002) prices started to implode and a 200 point move over a couple of days was not uncommon. Options were therefore considerably cheaper in the spring of 2002 than they were in the height of the summer because of the impact of much higher volatility.
Think of volatility as a fear factor in the market. When fear is high (usually meaning slumping prices) then options will be expensive, and when fear is low (like right now, June/July 2004) then options are considered cheap. Of course, just because volatility is low at present doesn't mean it cannot go lower still.
Volatility is measured in percent, meaning a volatility level of 15% implies that the options market is expecting the underlying index or stock will trade in a 15% band over the next year. So if the FTSE 100 index is at 4500 with a volatility of 15% then a range of 3825 - 5175 is expected. Note that option volatility is not concerned with the overall direction of the market, up or down.
Historically over the last 10 years FTSE 100 volatility has traded in a range of 20%-30% with anything above that level deemed somewhat expensive and anything below somewhat cheap. Recently FTSE 100 volatility has traded down to 11% which is a 10 year low.
So there is no doubt that traded options on the FTSE 100 as well as individual stocks are now cheap to buy. So what can you do to take advantage of this?
For more information on option volatility click here
