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Technology Stocks : Newbridge Networks
NN 16.70-0.4%3:59 PM EST
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To: Rick Escher who wrote (3696)3/16/1998 1:43:00 AM
From: pat mudge  Read Replies (1) of 18016
 
I'm not one to give advice on options, but for what it's worth, 90% of all options expire worthless. In other words, the person writing them pockets the money, not the one buying. Based on this, you'd be better off writing puts and at least stand a chance of gaining the premium if nothing else.

I've played them over the past couple years and won more than I've lost, but I've given it up simply because it's more work than it's worth. To be really good at it you have to be nimble --- and that's difficult if you're not a professional.

Just my take.

Pat
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