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Strategies & Market Trends : Ask DrBob -- Ignore unavailable to you. Want to Upgrade?

To: Bid Buster who wrote (85139)	4/19/2004 2:19:21 PM
From: shoreco	Read Replies (1) \| Respond to of 100058

BB, In Taser no, in an Index trade, yes... That post was simply explaining that "you can" sell Naked options and do OK if you stick to the rules, anyone who would let the stock go above/below their "strike price" w/out "hedging the bet" is a complete "A hole"... I traded options for over 5 yrs before switching to the futures and did OK, but there was plenty of tuition paid to the premium Gods... Even though I'll still do an "option trade" from time to time, I'll never go back to risking 000's of $$$ like I use to... And to be completely honest, if I didn't switch to trading the futures when I did, I probably would have been road kill to the premium Gods as I never believed in this rally from day 1 and I would have went out 6 months on my positions thinking I was smarter than the rally monkey...LOL.... I was a big put buyer... EOM Shoreco PS I attended many "CBOE" options seminars and the first thing they teach you is to "cover" your postion and "steal" the premium...