Hi Steve; The bookies have the odds rigged in thier favor
on options, unless a person is a real gambler , best stay away
from them..your chances of winning are less than at a race
track..if you take a lot of time and learn all the angles,
and hunt real hard you can find a few winners from time to time,
but they better be good ones, as any one who plays options and
says they don't lose is pulling your leg. You lose more often
than you win, and the only saving grace is you find a winner that
pays off enough to offset the losses. I'm getting were I'm not
as keen on them as I once was. But that's got to do with so many
more people playing them, you see they have a supply/demand side
seperate from the stock, so when more and more people start playing
options the demand goes up ( the premium ) over the real supply
( the original writers ) at that point the potenual for profits
fall. Recently there has been to much of an increase in option
plays, and you can't come out ahead in the market
doing what every one else is doing, as I close out the open orders
I now have, I will likley give them a break.
Jim
PS that little penny oil stock I looked at the other day,
that went from .50 to 2.00 in about three days..closed today
at 3.50 ...shit ! |
