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Strategies & Market Trends : Bonds, Currencies, Commodities and Index Futures

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To: GROUND ZERO™ who wrote (9436)	2/5/2006 3:40:46 PM
From: Kirk ©	Read Replies (1) of 12411

"BTW, to show you how versatile options can be, at this point in my current set of positions, there's a way I can actually have a lock on a guaranteed profitable trade, here's how: if I now bought two March 1275 Calls at about 15 each, that would cost me a total of 30 points, I already sold nearly 85 points in premiums, this would give me a sure thing on 55 point between now and the March expiration... this is very tempting, I can then go on vacation and still take 55 points from this market...<g>" True, but if you are simply long or short and ahead, you could cash out your position when ahead and do the same, and often make more since there are fewer commissions and a lower loss to the spread on options.

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