Roger's 1998 Short Picks Message Board

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Strategies & Market Trends : Roger's 1998 Short Picks

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To: hasbeen101 who wrote (3887)	3/3/1998 6:35:00 AM
From: Pancho Villa	Read Replies (1) of 18691

>>Interesting that you raise this point about an academic writing index puts. I'm sure you know the options text by Cox & Rubenstein. << haven't read it. But bet you one of the conclusions is that options are abused by investors and frequently used in a high risky fashion instead of hedging. Also, transaction costs [not only the commission but also the spread] are significantly higher than for stocks. Pancho

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