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Strategies & Market Trends : Advanced Option Strategies

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To: David Lind who wrote (326)3/27/2000 12:15:00 PM
From: OX  Read Replies (2) of 355
 
David, tx for posting that.

naked calls on equities can be very dangerous.. while I will do naked calls on indices, I won't on equities because stocks can gap up significantly.
and, as you discovered, selling too far OTM can be detrimental as well. this goes for puts as well.

i think the posters on this board are honest about their previous posts (good or bad). I would have liked to have heard more traffic on the puts thread, as it was very quiet during the Feb2Mar downturn.
however, I believe those that initiated positions for the 'right' reasons and held on, did fine thru the downturn.
not having a plan and panicking thru the downturns can be detrimental.
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