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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?


To: tom r. phillips who wrote (94330)2/3/2002 11:49:36 AM
From: Knighty Tin  Respond to of 132070
 
Tom, The other side is, if the market crashes, you have several avenues for realizing gains: 1. Obviously, on expiration day, every option, EuroTrash or Apple Pie, is at intrinsic value. 2. If you bought at a discount, you can sell an at the money put to realize more premium on your profitable position. 3. The real players aren't long the doggy Dow.