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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED

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To: lurqer who wrote (29621)1/21/2001 1:11:12 PM
From: Uncle Frank  Read Replies (2) of 65232
 
>> Anyone for a little Beano?

Yes, but I'm going to wait for the fed's move first. It's a great advantage to cover on a spike if you can spot one.

Do you recall this commentary on calls from dday?

Message 15215546

<snip>
in reviewing active options accounts on a monthly basis, I can tell you that
very few speculators make money buying out-of-the-money puts and calls. On
accounts where I gauged performance, I can tell you that I found one speculator
who broke even. All other accounts lost. Put sellers and covered writers (same
risk/reward metric) made money. Almost all of them profitable.
The 'strategy
gang' (straddlers, spreaders etc.) tend to profit as well if they utilize 'credit'
strategies. The 'debit' gang tend to lose but not that much.
<snip>

uf
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