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To: TREND1 who wrote (113944)	4/2/1999 8:54:00 AM
From: edamo	Respond to of 176387

larry....32.5's...any advantages....keep my "food" down better by "nibbling" i fail to understand when one analyzes a transaction, that emphasis is placed on what someone else is making versus what i will make...i have no problem paying tribute to the option trader,broker,and yes even my greedy uncle sam...providing that i can set a minimum risk/maximum reward (in my mind) position, and have the remaining crumbs of profit constantly swept into my dust bin. ....in lieu of buying an out of the money position that can give me all the things you describe, along with the potential that it will expire worthless...i'm an advocate of "the never lose money" school of life... i have a simple philosophy on life and investing...perhaps it limits my opportunity or does not maximize my profits,and puts money in others pockets....but as my wise uneducated immigrant father told me: "if you end the day with more than with what you began.... you've had a good day..." some days better than others.. bottom line, no one ever "lost" when taking a "profit" not normally an options buyer....usually on the sell side...but concur with wbm strategy....it has merit...good luck, ed a