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886 Posts.
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09/09/09
00:10
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Matchbox20
A warning worth heeding for those not experienced in trading options.
When trading company options you should
1. Never invest what you can't afford to lose as they could expire worthless should the heads never be "in the money"; or
2. Never buy more than what you can afford to convert - the scenario you've outlined would actually happen quite regularly I am betting.
Good post & hopefully a lesson learnt
Marchello
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