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To: Bill/WA who wrote (89303)4/3/2001 1:57:02 PM
From: pater tenebrarum  Read Replies (1) | Respond to of 436258
 
luckily the options are cheap. what i do in such cases is i keep trying until the homerun comes.

an example would be slightly ootm puts on e.g. Citigroup in '98. had you risked a dollar per option every month, stubbornly, you'd have ended up with 7 losing trades, and one HUGE winner, and a very respectable profit overall.