Post #15987 by onepoorguy on the US Policy board

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I've never bought an option, either. But I think you're probably correct.

I read about a strategy several years ago...let's see if I can remember...if you want to own a stock, you can effectively put a limit order in the form of shorting the put. You get the commission, and if it hits your buy-point, you surrender your money and take possession of the stock. If it doesn't, you pocket the commission and don't get the stock. The difference between that and a limit order is just the commission. If I'm remembering correctly. But I never did it.

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