RE: My Trading StrategyI think playing the Options game is also a gamble.
No one is sure which direction the stock will move within a limited time.
Buy, hold and sell only whenever it goes up is a sounder strategy.
and getting paid to wait..wow!
So far even the most negative Analyst feels MFC will go up again.
Remember too, those write offs expected in Q3 are increases
in reserves being expensed out in Q3
and put aside for future losses.
Example the TSX has jumped up over 100% since 2002,
but Management just feel the need to increase its segretated fund reserve.
Only my opinion.