Advanced Micro Devices Inc (AMD)

[dougSF30]

Alan,

That is a bogus argument, but the standard one that you see.

For every stock buyer, there is a seller, and vice versa.

But why consider the average of the whole universe of positions, if you plan on using a subset?

And again, since I could use only options to construct the equivalent of a stock position, the statement "all options = gambling" implies "stock = gambling".

As I said, adding option contracts to your arsenal allows the construction of positions which are LESS risky than owning stock outright, in addition to equally, or more, risky positions.

Finally, there's no difference between "gambling" and "investing" other than the connotation that the latter is a lower-risk/lower-reward bet, and the former is probably high-reward/high-risk. It's a big continuum.

Doug