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To: TFF who wrote (1112)11/22/1997 4:30:00 PM
From: hpeace  Read Replies (1) | Respond to of 12617
 
not really a planned sell high and buy low..since you are riding the sine wave of the volitility.
Don't have to catch bottoms and tops.
but , it does allow you to buy options when there is little premy and sell options when there is premy...
volitility is what allows this..
that's why every major option book says that you need volitily to
do covered calls when you would this you want the opposite.