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To: sq39 who wrote (27988)	8/5/2000 9:35:32 PM
From: mepci	Read Replies (2) \| Respond to of 35685

sq39: I said majority of option buyers lose money. That means majority of option sellers make money. 90% of options never get exercised and 70 % of the option buyers lose money. From your text it sounds like you sell options and cover them (close) for a profit. That is what most winners do. I have been trading on bond futures and options before getting into stock options. I was taught option strategies by one of the floor traders who was involved with the starting of CBOT. I have not seen a professional trader who regularly advised buying options. I will certainly look forward to sharing our experiences. So please clarify, do you open your option positions by buying or selling or with spreads and straddles?