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Re: broken80 post# 25417

Wednesday, 05/14/2003 3:16:22 PM

Wednesday, May 14, 2003 3:16:22 PM

Post# of 432680
OT: Broken80, you must make the difference between calls and puts. I think that when the option strike is below the actual share price, the calls are in-the-money and the puts out-of-the-money. When the strike is above the share price, the calls are out-of-the-money and the puts in-the-money. And this whatever you do, sell or buy.
You're right about the calls, but as I've made about $40'000 in expired put premiums, that let me take more risk. But I'll buy, if I do, very few. Did you allready try strategies like straddle or things like that ?
BTW, do you still live in NY ?
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