uncle frank....re: portfolio enhancement"
personally i rarely buy calls, unless of course it is in an issue that i intend to exercise......never, ever buy puts.....at times write calls.....and always sell puts....all of the above indicate my belief in an upward market.
deep in the money call purchase for leverage, much better then buying on margin......margin is the killer of all dreams of wealth accrual.
traditional investing mindset allows one to buy dollar amounts instead of round lots...nothing wrong...quality is quality whether 37 shares or 100 shares. long term quality will accrue wealth.......takes a great deal of discipline to actively follow the market and individual issues....most don't have the stomach for it...in this case better to buy the indices....can't lose long term....
options, it's all what you feel comfortable with.....but you have to be creative but yet follow strict rules.......it is possible!
thanks again uncle frank....no g+k comments from me...just jumping in to discuss g+k options related plays.....
(my ever long portfolio is msft,intc,dell,emc, this year added athm,cmgi...my short put(same as long)positions are dell,emc,cmgi,aol leaps and hwp,athm sept expirations...holding intc calls,winner,and cpq, loser..purchased itm in 1997)....ed a.
p.s...."dice"...you have to learn not to be the "roller".....better to assume the "role" of the "croupier"........place your bets!!!
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