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Strategies & Market Trends : Tech Stock Options
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To: kiwi who wrote (30700)12/9/1997 2:07:00 PM
From: Kevin   of 58727
 
>>> do you add the .50 buffer to your "break point" before you post them? <<<

Hi Kiwi. Sorry for the delayed response. Stuck in a meeting since 12:00.

I never include the buffer in my original numbers that I post each day. I don't do this because some people may decide that they want to add a 1 point buffer, while others may add .25 points, while even others want to use the actual levels.

Based on my experience I put the buffer on the far side of the move when looking to enter or exit a position. So if the index is crossing that level from the top, I subtract .50 points. If the index is crossing from underneath (for example when I'm in puts and the index is rebounding) I add .50 points.

Hope this helps.

Kevin
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