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| -----Original Message-----
| From: hans esser [mailto:he96@xxxxxxxxxxxxxx]
| Sent: Sunday, June 21, 1998 12:31 AM
| To: omega-list@xxxxxxxxxx
| Subject: Re: Jon Schiller's book "The 100% Return Options Strategy
|
|
| > 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.......
That is a very good description of what really happens many times...
Neil
|
| > 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
|
|