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Strategies & Market Trends : Options
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To: Poet who wrote (392)12/30/1999 11:48:00 AM
From: RocketMan  Read Replies (1) of 8096
 
Hope your daytrade is profitable! I bought another Feb 00 500 put at market open this morning, as a hedge against my leaps and common. I figured the price would plummet for the first hour or so, and it did, so my put went up from 18 to around 26. I thought about selling it and doing something fancy with the profit, but since I wouldn't know what to do, and bought it as a hedge, I have kept it. My idea is that I am willing to let this thing expire worthless for the downside protection.
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