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To: yard_man who wrote (219817)2/8/2003 3:09:32 PM
From: ild  Read Replies (1) | Respond to of 436258
 
<<< think this is a great strategy,>>>
This is OK strategy. Not great. You can't get rich when gold shoots to $800 overnight. Will it?
<<< BTW -- sell 'em when the premie is high buy back when the premie collapses. >>>
I try not to trade them. The spread is too high on options. The good part is that you get to keep the dividend. AU, HMY and GFY pay sweet dividends.