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

To: BGR who wrote (59729)5/19/1999 12:44:00 PM
From: Michael Bakunin  Read Replies (1) | Respond to of 132070
 
Bukun, thanks. I'm a coward, so I won't sell volatility naked. Besides, implied vol on Dell is down today (call sales, put sales, both?), so while you're likely to be right, I expect you're likely to be righter if vol's snap back. -mb



To: BGR who wrote (59729)5/19/1999 1:06:00 PM
From: Knighty Tin  Read Replies (1) | Respond to of 132070
 
BGR, if you do nothing else, please read the Striking Price in the April 19 Barron's. The old stuff about selling options they spoon fed you in school has been proven false in the real world. No surprise to any of us who have picked off the Black-Scholes wienees for years, but perhaps a surprise to a non-practitioner of the money-making arts. <g>

MB


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