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Strategies & Market Trends : The Options Box

QQQ 625.48

+0.4%

Dec 5 4:00 PM EST

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To: Poet who wrote (7722)	11/29/2000 5:33:02 PM
From: dli	Read Replies (1) of 10876

Poet, congratulations on your NDX puts. Futures are currently indicating that we will open down about 5% tomorrow, so you should make out like a bandit. Do you play the large NDX index options or the MNX version? I just had one of my best after hours trades ever. I scooped up some IDTI down 10% from the close at 34 to flip tomorrow morning on the usual gap ramp up. Then some really clueless individual showed up and viciously started buying all the way up to 37 taking me out for a 1.5k profit in just a couple minutes. Now it's back down around 34. Dave

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