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> Lamont, If your friend is doing exactly that, what are you doing.
> $18,000 per month sounds like a pretty good score to me, why be greedy?
>
> I thought that this method sounded too good to be true and it may be.
> I think that the likelyhood of those options expiring worthless is more
> like 80% instead of 95%.
I think Butch is making a good point - MAYBE 95% expire worthless - but
during the time of the position some of them might get out of line and one would
cover (in panic) just to see them expire worthless - 80% is probably more
reasonable.......
> If that is the case the only way that it will
> work is with excellent money management.
yep, you have to know when to bite the bullet or do a "Niederhoffer" <g>
I know someone who did similar in DAX options - he made 23 trades - 21 of
them been WINNERS - just 2 loosers - TWO TRADES LOST and his TOTAL
EQUITY was down OVERALL !!!!
> Maybe you or your friend can elaborate?
.....oh yes please :-)))
rgds hans
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