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Strategies & Market Trends : Steve's Channelling Thread
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To: SBHX who wrote (3590)7/26/2000 9:59:11 AM
From: Casaubon  Read Replies (1) of 30051
 
I don't have hard facts but I find that statement to be an urban legend <ggg>.

The statistic I read (I don't recall where but I believe it was from McMillian) is that approximately 70% of all options expire worth less than their original value. There is a big difference between worthless and worth less<ggg>
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