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<DIV>It's irrelevant where the stock was then and where it is now. The
point is,</DIV>
<DIV>Selling always brings in a higher percentage than buying, always!
Because</DIV>
<DIV>of the melting value of options, but, with selling there is limited profit
with</DIV>
<DIV>unlimited risk!</DIV>
<DIV>Kohath</DIV>
<DIV> </DIV>
<DIV style="FONT: 10pt arial">----- Original Message -----
<DIV style="BACKGROUND: #e4e4e4; font-color: black"><B>From:</B> <A
href="mailto:ist@xxxxxx"; title=ist@xxxxxx>Ira Tunik</A> </DIV>
<DIV><B>To:</B> <A href="mailto:kohath@xxxxxxxxxxxxx";
title=kohath@xxxxxxxxxxxxx>kohath</A> </DIV>
<DIV><B>Cc:</B> <A href="mailto:realtraders@xxxxxxxxxxxx";
title=realtraders@xxxxxxxxxxxx>realtraders@xxxxxxxxxxxx</A> </DIV>
<DIV><B>Sent:</B> Friday, August 13, 1999 10:40 AM</DIV>
<DIV><B>Subject:</B> Re: Amzn Call/Put 100 Strike</DIV></DIV>
<DIV><BR></DIV>You left out one very important fact. Where was the stock at
point one and at point 2 in your example. Why don't you post the stock chart
too? Ira.
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Charts of AMZN 100, Call, Put.Call went from $40 to $2.50, put went from $1.50
to $10.50.As can be seen, same strike, same time frame. This is
whyselling is more profitable than buying, but, selling involvesmuch higher
risk. These two charts also show the marketmakers have a distinct
advantage because of the meltingvalue of the options.Now if we had only sold
100 contracts of the YZZHT on July 16th!Kohath <IMG alt="" border=0
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