Quote:
Originally Posted by scho63
I play options to hit a home run or grand slam. I see it as 100% risk dollars as I have no hedging strategies to offset any losses nor do I write options against stock.
I buy puts and calls only, not index options.
I had one good hit last year with Nuance, NUAN, made $11,400 on a $1,500 investment. I've also lost a TON of money since 2009, all risk dollars.
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Do you ever buy anything other than a long call or put?