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Politics : Idea Of The Day
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To: JDinBaltimore who wrote (29112)10/5/1999 12:17:00 PM
From: IQBAL LATIF  Read Replies (2) of 50167
 
I am looking at a trade to buy some 1300 Oct SPZ puts at break of 545 on SOX or 662 on DOT or 2468 on NDX for that retracement to 1299.. the strength in the market does not warrant it but I would think any which way the fed goes we may see a closing of the gap in case they don't raise or if they rasie we go and test much lower the 1267.. so the trade is to take advantage of this move and use our porprietry indexes as a forewarning...
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