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Strategies & Market Trends : Advanced Option Strategies -- Ignore unavailable to you. Want to Upgrade?

To: grenouille who wrote (51)	7/19/1998 12:51:00 PM
From: Tom K.	Respond to of 355

Robert... that was en excellent post. Thanks for sharing. What I've found with CCing is that I have to decide on a gain up front, choose a strategy and if the result is acceptable, then I live with it. Both CCing and naked PUTs are conservative approaches where you get a premium, but you will miss the big one. I have to pick my goal and stay focused and be happy when I hit it. There was a guy who felt his house was worth $150K, so he put it on the market for $175 knowing that the $150 was an acceptable price. First person in gave him the $175 and he's now lamenting that he probably should have asked $200.... ahhh... "greed is good".... it teaches valuable lessons..... I am a student. Nice post....thanks. Tom