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Strategies & Market Trends : Tech Stock Options

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To: donald sew who wrote (35327)2/21/1998 1:17:00 PM
From: Patrick Slevin   of 58727
 
What I could do with "Niche Index Trading",

A clever trader in that arena might conceivably be a NIT wit.

(Sorry, I could not let that go by)
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Personally I always have problems going out more than a day. Perhaps you are correct in being bullish. I sort of think the market is lower Monday then moves slightly higher starting in the afternoon proceeding into mid-week then closes the week with a net loss.

But I don't trade with an eye on the next day.....this small amount of puts is the first "trading" position I have held overnight in months.

The goal is to kick them out on a gap-down open or get rid of them at lunch if the market does not gap down. Purely a speculative play and because it was a "hunch" bet (although somewhat educated) the acquired position is small.

Agreed on the indices. If you have the feel for them then it would certainly be worth your time to focus on them more than the broader averages.

I cannot do it because it would take valuable time away from my work on a new reference guide to worthless acronyms.
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