Who said this ????

Discussion in 'Trading' started by asdfghj7, Oct 20, 2008.

  1. I recently watched a webinar where the instructor said,
    "Professionals write options to get in and out of stocks. I only buy stocks when i'm assigned a OTM put I wrote, and I only take profits (get out of a stock) by writing OTM calls against my positions."
    Obviously this is paraphrased. For the life of me, I can't remember who it was. I'm pretty sure it wasn't Fontinills, Trester, or Mcmillan. Does somebody know???
  2. WharfRat


    Was it Niederhoffer?
  3. Mav88


    jack hershey