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Strategies & Market Trends : Options

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To: Bruce Ravelson who wrote (513)1/2/2000 5:21:00 PM
From: cthruu  Read Replies (1) of 8096
 
What strike price options you are holding?

NOK is now in an extended 3rd wave. Immediate target for NOK is around 217, which is measurement for reverse H&S breakout. If the current wave continues, target is around 243. I'd take some profits at 217 area. Follow your options with trailing stops for NOK. If you decide to sell, buy more OTM calls when the trend resumes. This trade will protect your initial investment, current profits and increase your profits because you will now have more calls.

Regards:

GP
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