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Strategies & Market Trends : How To Write Covered Calls - An Ongoing Real Case Study! -- Ignore unavailable to you. Want to Upgrade?

To: Dan Duchardt who wrote (11577)	9/20/1999 11:32:00 PM
From: Casaubon	Respond to of 14162

The statistics I have read suggest that about 80% of all options sold expire worthless! There's only two ways to make any money buying options: read the charts well, or know insider info! Well, OK, three: be REAL lucky! As far as your experience with PAIR, well, as I alluded to, triple witching week is know to be high volatility (up and down). That is why I did not hold my calls the extra day. Who knows, they could have expired worthless. I'd rather get my investment back than hold for another 24 hours. My timing was slightly off, so I missed a good entry point, but I would have had to purchase the oct 7.5's, and I was too cheap (probably too cocky on the chart reading really, but I'm just practicing with small dollars). PS a bengy means a benjamin franklin ($100). Hey, what are you laughing about? It was a 20% return in three weeks <g> PPS Oh yeah, I've been watching the whole CIEN run up. I also watched CHKP run up. At least I pulled a bunch of money out of the VRTX run up. I really should have got back in at $28.