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**bitymnmictada** · 08-03-2012, 06:06 PM

A lot of suckers out there bought call options in the 40's. On margin....haha. One of them I talked to lost over 50k in premium out of the money.

I feel for that gambler. Does he perchance like Gold and Silver, since he's a risk-taker? Naked Call options IS a gamble. If he had the chops, he'd would have WRITTEN the 40 puts, collected the premium and laffed all the way to the bank, from taking the opposite side of the $40 /sh hope and WAG flippers.

The odds of winning in a naked call strategy are notably abysmal.

beefsteak

08-03-2012, 06:06 PM	#20
bitymnmictada Join Date Oct 2005 Posts 479 Senior Member	A lot of suckers out there bought call options in the 40's. On margin....haha. One of them I talked to lost over 50k in premium out of the money. I feel for that gambler. Does he perchance like Gold and Silver, since he's a risk-taker? Naked Call options IS a gamble. If he had the chops, he'd would have WRITTEN the 40 puts, collected the premium and laffed all the way to the bank, from taking the opposite side of the $40 /sh hope and WAG flippers. The odds of winning in a naked call strategy are notably abysmal. beefsteak
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