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Strategies & Market Trends : How To Write Covered Calls - An Ongoing Real Case Study! -- Ignore unavailable to you. Want to Upgrade?

To: Ken Hawn who wrote (7867)7/12/1998 4:25:00 PM
From: Tom K.  Respond to of 14162
 
<<Is there a rule of thumb on when to buy or not buy a put? In this case it was just a waste of money.>>

Ken, in your example, the put was insurance. Think in this context.... if your house didn't burn down, was the fire insurance you bought a waste of money?

Make the trades that let you sleep at night. If you are conservative, you will often miss the biggie, but you will continually put money in your pocket.

Tom


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