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Re: olddog967 post# 326463

Monday, 07/25/2011 9:49:42 PM

Monday, July 25, 2011 9:49:42 PM

Post# of 435928
olddog967: It's scary trying to do options when you don't know the whole picture. I did options a couple of times on IDC and they expired worthless. I let my broker handle it and I think I lost money because HE didn't sell before the expiration date, but it's been soooo long, I just don't remember. That'left a bad taste in my mouth and that's why I never tried them again.

If I knew I could use $1,500 in dividends rather than buying 1,500 shares at $70+ it might be worth the 'gamble' IF one knew that the maximum risk/loss on the options would be $1,500.

We learn to crawl before we walk;
We learn to walk before we run;
We learn to run before we fly;
We learn to fly before we soar!

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