Traders Laboratory - View Single Post - Writing Naked Calls
View Single Post
  #8 (permalink)  
Old 11-12-2007, 02:40 PM
aiki14's Avatar
aiki14 aiki14 is offline
aiki14 has no status.

Trader Specs
 
Join Date: Oct 2007
Location: Philly Burbs
Posts: 78
Thanks: 0
Thanked 2 Times in 2 Posts
Re: Writing Naked Calls

Quote:
View Post
Thanks Momentom,

I appreciate your reply, and I will heed your words.

I'll look up Comex Gold and study that situation. I'm assuming these smart rich guys got cocky, greedy, and over leveraged.

Thanks again. I appreciate your perspective.
You want to be in a liquid market as well. You need to be able to move the underlying or move the options quickly, or you can get caught. And overleveraging is very risky, but unlikely in stock options.

__________________
Mistrust those in whom the urge to punish is strong.
--Friedrich Nietzsche
Reply With Quote