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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: James F. Hopkins who wrote (19396)	5/28/1998 4:43:00 PM
From: yard_man	Read Replies (1) \| Respond to of 94695

Another myth -- writers don't necessarily win more than buyers. Many options do expire worthless, but that does not mean that you can consistently win by being a writer either -- covered or uncovered. Covered writing is more conservative than just owning stock if done properly, but you can't expect to outpace just owning stocks in a bull market (using the total return concept -- profit from stock and options).

To: James F. Hopkins who wrote (19396)	5/28/1998 9:54:00 PM
From: joe smith	Respond to of 94695

james, wow thats a lot of words to type. thanks for the response. i have done about ten option trades so i am a newbie. i had quite a nice run going as 7/8 were gainers. number nine was a tough one to swallow. i managed to lose an amount equal to the gains from all of the gainers. that was an eye opener. i have scaled back my options activity and am doing some paper trading before i venture back into those waters wholeheartedly. i will look for cases like you mentioned and paper trade. js