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Pastimes : All Clowns Must Be Destroyed

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To: pater tenebrarum who wrote (5860)2/1/2000 6:18:00 PM
From: Zach E.  Read Replies (1) of 42523
 
The poster on the link was correct about the equivalence of selling puts and covered calls (provided you have 100% cash to secure the position), though.

I heard a radio commercial for a guy named Wade Cook (not sure if you've heard of him, he is a very sleazy peddler of high-priced investment seminars). He was talking about getting income from covered calls, income that he said you could use to "buy groceries"! <ng>

Zach
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