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Strategies & Market Trends : Options

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To: taxman who wrote (4787)3/13/2000 12:34:00 PM
From: edamo  Read Replies (3) of 8096
 
taxman...."listen to taxman....buy options...don't sell" "gospel"

how does one with limited market experience as you, boast with such conclusive arrogance, that "your" way is the "only" way...leave such a forum open to discussion of all ideas, as empirical data will show that the "seller" wins more then the "buyer"....how else do you explain the ability of the "seller" with a fair size portfolio, and good capacity to post mid five to low six figure "income" per month, year in and year out for a time period, longer then you have been in the market?
there is skill involved in options, more the just following value line...
i sell, but i also buy...e.g. long dell mar 50's at 5/16 with common at 45, due to momentum change and upside reversal...$31 returns $600 in a little over a week...

keep an open mind, don't be so anal, and you will get respect from those who are knowledgeable of both sides of the trade....
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