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Originally Posted by BUM
He claims his avg. client returns are above 10%. He says that that clients respond to profits and his track record is very good. Client list keeps growing. He says 99+% of his activity is strictly writing covered puts.
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This strategy belongs to the class of "often succeed moderately, but sometimes fail spectacularly."
For a very interesting analysis of option writing strategies, see Taleb: "Fooled By Randomness"
OTOH, even Buffet sometimes writes puts on stocks he wants. It's just that there isn't the flow of suitable candidates to allow construction of an ongoing program.
Ha
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