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Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: patron_anejo_por_favor who wrote (284451)	4/16/2004 5:23:41 PM
From: Gut Trader	Respond to of 436258

Yes...Return of the Three Kings..Shoulda.. Woulda.. and Coulda coming to a short near you.

To: patron_anejo_por_favor who wrote (284451)	4/16/2004 5:32:01 PM
From: Jill	Read Replies (1) \| Respond to of 436258

That could be very wild...lol...goes to 200 before it tanks...who knows... Maybe a straddle would've been a good idea a few days ago...

To: patron_anejo_por_favor who wrote (284451)	4/16/2004 5:42:14 PM
From: maceng2	Read Replies (1) \| Respond to of 436258

That chit is so funny to watch from the sidelines -g-

To: patron_anejo_por_favor who wrote (284451)	4/16/2004 5:49:36 PM
From: shoreco	Read Replies (4) \| Respond to of 436258

>> Why not sell deep ITM naked calls short instead of the stock? << Now that we get to look back at what happened to the I-nets you are right on the money, but it would work much better if they offered "leaps"... Of course you need deep pockets to continue to play the game until ends, but when it does, it's pay day... Think about being naked some CMGI Jan 2002 200calls back in January 2000 or ARBA or ??? Well you get the picture... Many said "damn if I only bought puts", or "if I only shorted at the top"... Naked leap calls were "pure profit" and with the premiums they fetch at worst they turned to "covered calls" and you still kept the premium... This is the fastest way to get "rich" in the market but if you can't afford to convert them to "covered" you shouldn't be playing the game... Index options do the same thing (huge premiums)... Sell some naked SPX options in the final week of expiration and set some "GTC" orders to convert them to "covered" if you're wrong... You can't lose as long as you have the capital to cover the naked trade and more often often than not you will clean up that premium w/out even a blink... EOM Shoreco PS Go to a Black Jack table w/out a betting limit and you can't lose...