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To: Haim R. Branisteanu who wrote (24210)2/24/2005 8:51:01 AM
From: Tommaso  Read Replies (1) | Respond to of 116555
 
Yes, that is correct, of course.

That's why I do not go any farther than simply buying puts or buying calls. Supposedly the people who sell calls make more money than anyone else.

All I know is that come next Monday I will be selling some calls on APC for long term capital gains, and that I have doubled my money on those calls--enough to pay much of my income tax bill.