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Shmoopster

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Re: peorge post# 66

Tuesday, 03/06/2012 11:43:47 PM

Tuesday, March 06, 2012 11:43:47 PM

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I would say pennies are not safe at all. Options can be used to get income too though if you are long a stock. You could write calls and get the premium from that or hedge your long position with puts incase the stock starts to go down. They are dangerous but if you know the direction. Can be very profitable.
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