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Strategies & Market Trends : Point and Figure Charting

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To: faqsnlojiks who wrote (22337)	7/13/1999 1:19:00 PM
From: Tommy Dorsey	Read Replies (1) of 34811

To the thread, don't let volatility this week worry you. Option expiration is Friday. If you have a stock you want to sell put an order in 2 points above the market. If you have a stock you want to buy put an order in 2 points below the market. You might get both this week. Use volatility to buy stocks at support. Also if you have a volatile stock you bought below current prices you might want to consider writing a Friday call against the position. The premium will evaporate like an ice cream cone on Coney Island in July. Tom

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