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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Tommaso who wrote (44736)	1/27/1999 8:24:00 PM
From: Knighty Tin	Read Replies (1) \| Respond to of 132070

T, When to sell is MUCH harder than when to buy on options. If you sell too soon, you often give up huge profits. You deserve congrats on those Leaps. They don't move that much and 15% is a chunk in an up market. I have laughed over the years at bulls telling me I lost all my put money because the market went up. Surprisingly enough, this bull market has been my most productive put profit stint ever. I was lucky to get some major winners to offset lots of losers. But, you can only lose 100% and you can make much more. I have made more buying puts on the last 3 years of this bull market than I did buying calls during the first four years. Don't get me wrong. I find that odd, but I sure smile when I think about it. Good Luck, MB