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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Very nice. How long did it take for that position to play itself out?
Options are just a fun game to me. I don't really care about losing too much because it is going to happen with options whether you like it or not. I try to limit losing by taking short, less expensive positions. OF course there is more to it than just that. But nonetheless, if I make money, great!. If I lose, I hope to learn something. I do not concern myself with any fees either. That is just part of the game. I will say I have made more money than lost. But most of that has just come down to luck.