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Strategies & Market Trends : Options
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To: steve mamus who wrote (3443)2/23/2000 12:51:00 AM
From: Jill  Read Replies (1) of 8096
 
I was having dinner in a deli with a friend tonight trying to explain to him why I had sold cc on QCOM. He didn't understand that if I was happy with the strike (as explained in previous post) it was a win-win situation. A guy two tables over smiled conspiratorially at me when we walked to the registers. I said,

"Were you amused by my QUALCOMM dissertation?"
He said, "Yes, as I was sitting here reading about cattle futures trading earlier in the century, and it just seemed appropriate."
He said I seemed to know what I was doing etc etc.
I said, "Do you also trade?"
He said, "Yes, but I use a broker."
"A full service broker, eh?"
"Yes. He taught me everything. But calls and puts, that's where it's at in this market. Why buy stock?"

LOL.
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