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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?

To: Sully- who wrote (39894)	8/7/2001 12:38:58 AM
From: Timetobuy	Read Replies (1) \| Respond to of 65232

Try the CBOE options booklet dear. It's clearly in their list of risks. NOW, honey. A stop loss placed on ANYTHING that gaps down below the price is sold out on the open. Are you going to try to deny that? We can get into trading tiffs, but you are obviously a little bit upset tonight. I'm going to leave you to have the last word. It's obvious that you have to do that. It must be a power thing, but that's ok. I can let you win. It's more important to you than me. So, whatever you want to say, go ahead. Get it out. Relieve your stress. It will make you feel better. I'll be waiting to find some good stocks to buy and you can try out your hypothesis and see if a pyramid works. I'll give you a clue. Yes it can work, but the odds are against it. Still won't stop anyone from trying to see if they are the one lucky person who gets it to work. Reminds me of Willy Wonka. How lucky was it for him to get the golden ticket, but he did! The others ended up fat and had a bunch of empty old wrappers. I prefer to not be a big fat greedy guy with a bunch of worthless empty wrappers sitting around, but hey that's me. Peace, Mrs. Wstera02, Mr. Timetobuy

To: Sully- who wrote (39894)	8/7/2001 2:41:22 AM
From: Timetobuy	Read Replies (1) \| Respond to of 65232

Who is on the other side of the trade in illiquid options? Do you really think that all options are matched up with two people that just happen to want the same strike, month and number of options? I have bought and sold calls in which I am the only open interest. Strange but I have also closed those same options. What would be the odds that there is one other person who wants to take the other side of the trade on both sides on the exact same day? Do you suppose that the mm might be the other side of the trade and that he might be the one making more money on most option trades than option buyers? NO! Couldn't be! ROFLMAO! And you're an expert, eh? The ones that make out well are the covered call writers. Those who deal in trading options are overall losers. Some win, for sure, but not most. Peace be with you. This will be my last post to you. I don't think living in fantasyland talking about some hypothesis in which no one wanted to trade anyway is silly.