Option writing stuff - for hell, page-2

re: Option writing stuff - for crashy My dear option strategist,
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Writing options is like owning a casino.....the odds are in your favour,and theres plenty of idiots willing to bet at your tables
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the idiot who bet against the CBA calls U wrote the other day beat the odds then, eh?

Are you trying to trot out the line that most options expire worthless therefore option writing wins?

When U say no risk holding stock and writing calls ... what if you write calls on your, lets say beloved QBE shares. The OCH puts its foot on your shares as collateral. Suppose an aeroplane hits a tall bldg in NY. QBE plumbs the depths. An insider called say, sandune, tells U on HC to bail ... you can't bail, OCH has foot on your collateral. By time you have bought back your calls and tried to free stock up to sell stock is suspended ... goes bust ... you lose the lot.

This is why selling a covered call is the same as selling a naked puttputt as far as risk goes.

cheers,
Auntie Idiotte