A.I.M. Users Bulletin Board

[Toofuzzy]

HI Ray

I tend to SELL options.

Having said that I will

1) Sell an out of the money put at a price I am willing to buy.

2) BUY a deep in the money CALL at about half the current price. There is very little time premium at a price that low and you are putting up half the money. I will then SELL an out of the money CALL to pay the minimal time premium.

3) I will SELL calls at or above a price I am willing to sell.

So that is how I use options.

Toofuzzy