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Pastimes : Play It On Paper- Clappy's Newbie Option Thread -- Ignore unavailable to you. Want to Upgrade?

To: hlsjones who wrote (71)	7/25/2000 9:37:36 PM
From: David Cecil	Read Replies (1) \| Respond to of 176

Harry, Thanks for the advice. I will find your posts and read them. I consider myself as a beginner in options. Please pardon my ignorance. I cannot agree more with your take that the cheap ones lose money most of the time. I really have to take a book or two and read more. You were mentioning that the cheap options have to be sold and not bought. Are you talking about selling a naked call or a covered call? I am not able to sell a call without having the stock or the option in my account. What do I have to do for that? Thanks once again. David