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Strategies & Market Trends : Galapagos Islands -- Ignore unavailable to you. Want to Upgrade?


To: Jorj X Mckie who wrote (30471)3/4/2003 11:44:56 AM
From: Lazarus_Long  Respond to of 57110
 
Amen. I agree with that. Great gains sometimes (I got a ten-bagger in one day once), but many times you sit there for a few weeks and just watch time erode that premium you paid for.

I've also had 80% of the value of an option eaten in a few hours.



To: Jorj X Mckie who wrote (30471)3/4/2003 11:57:34 AM
From: habitrail  Read Replies (1) | Respond to of 57110
 
Yeah, I saw your disclosure. Now you are saying that (all) options are dangerous, which I believe, but before you singled out long options and that was interesting to me. That is why I asked about short options (I assumed selling a call was the "short" version of buying a put).

By reiterating your position, do you mean to imply that buying puts are better than selling calls when you expect a stock to go down because that is what you did?