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Gold/Mining/Energy : BCE Emergis - global e-commerce -- Ignore unavailable to you. Want to Upgrade?

To: John Wright who wrote (699)	5/10/1999 10:50:00 AM
From: checkmate	Respond to of 1341

NO. I do not trade options per say...what I do is sell call options on stock that I own when I feel they are ahead of themselves. The worse case is that the stock still goes up and my stock is called. No matter what I still profit, I would say about 35% of my sales are called, the rest I get to keep the premium or as in this case I sold IFM may50 at 1.20 and bought back at .30 netting .90. The only loss is stock appreciation that I may miss but over the years the premium earned has been far more.