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Strategies & Market Trends : Options
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To: SecularBull who wrote (3651)2/26/2000 8:30:00 AM
From: Poet  Read Replies (1) of 8096
 
Looffy,

It was one of those sudden downdrafts in ITWO yesterday. Jill and I were on the phone and I glanced at the CNBC ticker to see that ITWO had fallen 10 points. I mentioned it to her, as we're both adding to B2B baskets. We decided to do the put sale and call buy strategy and called our brokers. In the time it took to explain to my broker what I planned to do, ITWO was down in the low 130's and beginning to bounce. I changed my orders to market from limit and simply lucked out.

Once in a blue moon an opportunity like that comes along on a stock you covet. If I'd known you were interested in ITWO, I would've PMed you, though even that might not have helped, unfortunately.
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