LOMOB, page-51

Wow you guys love to take the risks.

I will post this for the last time.

Options are insurance, not an investment.

Anyone that looses big on options deserves what comes. I am sorry to say this but I have no sad feelings for those that do not listen.

While the leverage of optionmight pay off in a huge way the hold pattern of 1:1 of options to heads and a trade locks in profit and you cannot loose if they go down or go up.

How ever if you only hold options of a greater ratio than 1:1 your risk is always present and can take you to the cleaners.

I rather reduce but guarantee my profit and still keep the same amount of heads for a long term than risk loosing few years of savings by option leverage.