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Technology Stocks : Semi-Equips - Buy when BLOOD is running in the streets! -- Ignore unavailable to you. Want to Upgrade?

To: LLCF who wrote (4385)	1/12/1998 2:00:00 PM
From: Mason Barge	Read Replies (2) \| Respond to of 10921

Go ahead an be argumentative! You certainly have my faith in your honesty and astuteness. Plus, I was, er, mistaken. I was thinking "deep in the money" referred to "way out of the money" calls. (Like I said, I determined long ago that options are generally a suckers' bet, no matter how you look at it, so I have to think about the terminology.) So the mechanics of my post were wrong. But I stand by my main point, i.e. covered options spreads are like playing side bets in a craps game. You have the same ultimate risk/reward (assuming the market has fairly priced the risk), but you lose a much larger house percentage -- yes, to the spread and to larger commission percentages, also. I don't understand how someone who is unwilling to bet whether the stock is headed up or down would be willing to bet he can pick a limit within which the stock will fall in the future. These strategies are all, ultimately, against the odds.