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Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?

To: RGinPG who wrote (10836)2/6/1998 10:06:00 AM
From: Rob Hinton  Respond to of 95453
 
<options>

Not a bad idea. Writing covered calls and using strangles with options
will be much LESS risky than owning the stock by itself. It is worth
pursuing as you will generate more income, lower your cost basis and
not have to worry so much about stocks taking a dip.

The price to play? 1. Buy the McMillan book "Options as a Strategic
Investment" and 2. Take a couple of days and read Herm's thread on
SI. It is several case studies on this topic. You must read the
first 4,000 posts (correct - no typo) in order and you will be
in good shape to start your covered call strategy.

Rob



To: RGinPG who wrote (10836)2/6/1998 3:51:00 PM
From: William L. Oppenheim  Read Replies (4) | Respond to of 95453
 
Studies show that 90% of options players lose money. The other 10% must be here on the strictly drilling thread of SI.


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