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In a message dated 97-12-31 07:15:37 EST, droex@xxxxxxxxxxxx writes:
<< Just so you know 30% of options expire worthless and over 60% of option
traders, when asked, consider themselves successful. Your post just
repeats some common pieces of misinformation. >>
Well said Doc. I think Jimmy (I owne gold) Rogers started this, or at
least spread it on CNBC. There may not be any statisticks available on this,
but I have often wondered how many of that 30% are happy to let the option
expire worthless because they have used them to hedge a portfolio (cheep
insurance) or made good money on the other leg of a spread.
Good luck and good trading,
Ray Raffurty
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