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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: mishedlo who wrote (155559)3/12/2002 9:57:45 PM
From: ild  Read Replies (1) of 436258
 
Mish, selling near term (cheap) naked calls and puts is exactly what famous options trader Mike Burke advised NOT to do. You take huge risk for nothing. It may work well ten times and it will wipe you out on eleventh. Also INTC options have almost no time premium.
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