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Why Cheap Options are Sucker Bait: Traders Must Be Careful or Go Broke

Michael Covel (March 29, 2005)

Why so many state-sponsored lotteries? Are they sponsored out of some sense of charity? Is it that warm and fuzzy feeling that comes from seeing an average Joe randomly become a millionaire overnight? No. Lotteries are prevalent because they are cash cows for those who run them. People buy ...

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