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Pastimes : Ask Steve

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To: Brad Zelnick who wrote (4427)12/8/1997 12:11:00 PM
From: hpeace  Read Replies (1) of 4749
 
brad, the 50% success rate was on options not covered calls .
I'm actually 100% right on all options I do on cpq.
what the 50% applies to is buying prot. puts during a huge drop
in cpq price. so, 50% of the time I've got them and 50% of the time I don't.....but, 100% of the time I buy cpq options I'm right....
but, before you get excited..I only buy options when I know things are way out of balance like now....if I did it all the time..then I would lose on allot of positions..
does this make sense now
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