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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Cory Gault who wrote (98864)3/17/2000 7:26:00 PM
From: steve harris  Respond to of 1571180
 
Cory,
re:"An exact articulation of why I don't play options."

Have you considered playing the "house" side?

elmer writes puts and I sell calls from time to time, and we like it when they expire worthless.
:o)

steve



To: Cory Gault who wrote (98864)3/17/2000 8:10:00 PM
From: kash johal  Respond to of 1571180
 
Cory,

re:"Petz re:"BTW, 97% of the put options expired worthless today and about 2/3 of the call options."

An exact articulation of why I don't play options."

WRONG!!!

It just show the house wins. Usually 90% expire worthless.

Thats says it's usually a pretty good idea to write them.

In fact the option buyers only win big if the stock make a big move.

regards,

Kash


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