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Strategies & Market Trends : Options

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To: Poet who wrote (783)1/7/2000 4:54:00 PM
From: Ritch  Read Replies (1) of 8096
 
Today was a great day after the last three!

I was going to do nothing today, but felt that QCOM was due for a rally so I picked up some more Jan 02 125's. Got them at 65 so they are already in the black. Aren't the $5 spreads on some of the options unreal?

I also bought back some of the Jan 92.5 Puts that I sold a few weeks ago. I bought them back for .25. I needed to free up some margin so that I could sell some more puts.

Hope today's rally helped everyone else out as much as me. I recovered about 1/3 of the last three days losses today. Makes for a much more enjoyable weekend. :o)

Ritch

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