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Strategies & Market Trends : Shorting SPY for fun and profit.
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To: tom pope who wrote (2)11/1/1997 1:53:00 PM
From: Lieb Kudysch  Read Replies (1) of 346
 
I share the concern's both of you brought up. I am going to use call and put options as an insurance policy,instead of placing large sums on volatile stocks .
One lady on a thread is down six figures in a week. I recognize
that more than 80% of options
close at a loss, but I am unwilling
to give back all my hard earned gains plus my principal.
If this approach appeals to you we can discuss the details.
Good trading
L.K.
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