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RE: Selecting options or writing uncovered options



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Carl,

I need an explanation of this.  What limited exposure?  Are you referring to
the spreads in this thread?

Thanks,

Guy

Paranoia...you only have to be right once to make it all worthwhile!


One difference I'm not sure has been mentioned in this thread is that
because
of the limited exposure, for the same amount of equity, you should be able
to
trade more contracts, so while your profit is limited per contract, you will
make that smaller amount on more contracts.